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

The Daily View for Bitcoin

  • At the moment, BTC’s price is down $-116.08 (-0.56%) from the day prior.
  • Bitcoin has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, so that price is now turning below it. 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 time of this writing, BTC’s price is down $-136.74 (-0.66%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence alert: Trend in BTC’s price and its RSI are diverging. BTC’s price is declining faster than its RSI.

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 count of active addresses has been choppy and unclear. It has oscillated between 703687 and 1188324.
  • BTC’s daily large transaction count now stands at 15949.
  • BTC has a daily large transaction count of 15949, up 19.77% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled BITCOIN REBOUNCE (DIXWELL FX) you may find interesting:

Bitcoin has reached the lowest pyschological level and has rebounced back, this potentially means the end of a bear market and the onset of a very strong bull market that is on the making. We expect bitcoin to surge even higher after pressure from the fed’s decision in the past couple of days.Bitcoin is projected to make…

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