Wrapped Bitcoin’s Latest Daily Large Transaction Count Stands At 921

The Hourly View for Wrapped Bitcoin

  • At the time of this writing, WBTC’s price is up $191.18 (0.52%) from the hour prior.
  • This is the 3rd hour in a row Wrapped Bitcoin has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • Of note is that the 50 hour changed directions on WBTC; it is now pointing up. The moving averages on the hourly 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.

Wrapped Bitcoin’s hourly price chart is shown below.

WBTC

The Daily View for Wrapped Bitcoin

  • Currently, WBTC’s price is up $169.41 (0.46%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Wrapped Bitcoin has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend 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 WBTC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in WBTC’s price.

Below is a daily price chart of Wrapped Bitcoin.

WBTC

The Latest From WBTC’s Blockchain

  • Over the past 29 weeks, the trend for WBTC’s number of daily new addresses has been choppy and unclear. It has oscillated between 119 and 998.
  • WBTC’s daily transaction count now stands at 2330.
  • WBTC has a daily large transaction count of 921, down 48.55% from its value day prior.