Wondering About Bitcoin’s Latest Daily Large Transaction Count? Read to Find Out

The Daily View for Bitcoin

  • At the time of this writing, BTC’s price is up $61.2 (0.27%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Bitcoin has now gone up 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin’s hourly price chart is shown below.

BTC

The Daily View for Bitcoin

  • At the moment, BTC’s price is up $60.38 (0.26%) from the day prior.
  • Bitcoin has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between BTC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BTC’s price.

Below is a daily price chart of Bitcoin.

BTC

The Latest From BTC’s Blockchain

  • Over the past 29 weeks, the trend for BTC’s daily transaction count has been choppy and unclear. It has oscillated between 199369 and 315759.
  • BTC’s count of active addresses now stands at 908302.
  • BTC has a number of daily new addresses of 382178, up 12.67% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled #Bitcoin Potential Rally to $32k by November 7th!! you may find interesting:

BTC Exclusive chart: This is an amazing development in Bitcoin’s price action.If you are reading this congratulations, you made it this far, you are gonna make it all the way to the next BULL RUN too!The one with patience will be awarded eventually.WHEN RICHES COME, IT COMES IN SUCH ABUNDANCE THAT ONE THINKS ABOUT WHERE THEY HAVE BEEN HIDING DURING THOSE LEAN YEARS!! Believe me, it’s true! You’ll feel this when the right time comes.Many people lost. A lot of their lifetime savings, it;’s time you prepare NOT TO repeat the same mistakes in the coming years.This is why rather than just gambling on futures, look at the long picture, and zoom out a bit. Good things take time.So the message is not to make mistakes and choose the right step to ensure your sustainability till BTC covers the next bull run.Now let’s get back to Bitcoin.Apart from all of the previous FUDs, Bitcoin managed to close above the most important area $20k.Multiple indicators are showing signs of reversal.For example, 1. RSI: The RSI has been this low only during the covid crash in March 2020 and capitulation in Dec 2018. Apart f…

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