Wondering About Bitcoin’s Latest Number Of Daily New Addresses? Read to Find Out

The Daily View for Bitcoin

  • At the moment, BTC’s price is up $45.62 (0.2%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • 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 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.

Bitcoin’s hourly price chart is shown below.

BTC

The Daily View for Bitcoin

  • At the moment, BTC’s price is up $49.33 (0.22%) 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 50 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

  • For BTC, its daily transaction count is now at 282037.
  • Over the past 29 weeks, the trend for BTC’s daily large transaction count has been choppy and unclear. It has oscillated between 9705 and 29127.
  • BTC has a daily transaction count of 282037, up 5.64% from its value day prior.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled 🔎 BITCOIN FALL OR PULL? 🔎 you may find interesting:

Hey guys! Wishing everybody well as always. Just gonna be quick with this but basically Bitcoin broke through that new support mark we had just put down basically and right now is gonna be one of those crucial points by which you guys should watch and keep note. If Bitcoin can’t pull itself back up to $22,777 or at least find enough support to pull us up and hold us over that threshold then we could continue seeing this fall happen. Though the chances are perhaps relatively slim with strength growing by the day it’s important to note that we did see a few big Bitcoin sell’s hit the market signaling that some whales may have sold a …

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