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

The Daily View for Bitcoin

  • Currently, BTC’s price is up $33.76 (0.09%) 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 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

  • Currently, BTC’s price is up $32.45 (0.08%) from the day prior.
  • The daily chart shows that Bitcoin has seen 3 straight up days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Of note is that the 50 day changed directions on BTC; it is now pointing down. 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

  • BTC has a number of daily new addresses of 382396, down 10.16% from its value day prior.
  • Over the past 29 weeks, BTC’s daily large transaction count has been in a clear downtrend, falling by about 46.88 per day.
  • For BTC, its number of daily new addresses is now at 382396.

Featured Bitcoin Idea From TradingView

Below is a trading comment entitled Bitcoin Investor Tool – BTC likely to trade higher soon you may find interesting:

Looking at the Bitcoin Investor Tool chart which depicts Bitcoins price within the 2 year daily moving average and the same average multiplied by 5 we can see that Bitcoin is trading at the lower band of this channel.While may trend a bit lower or even break it appears more likely that soon Bitcoin shall rise again and trend toward…

CarpeMomentum