Bitcoin (BTC) weekly Market overview

Bitgur, 29 May 20
1
Global Trends
Trade volume
21-27 May 2020 Last 7d vs previous 7d
49.7B -11.9B (19.37%)
Bitcoin Dominance
21-27 May 2020, avg Last 7d vs previous 7d
67.98% -2.16%
Bitcoin Trade Volume Dominance
21-27 May 2020, avg Last 7d vs previous 7d
25.72% -3.72%
Bitcoin Network Transactions
21-27 May 2020, avg Last 7d vs previous 7d
273,658 -1.33%
Bitcoin Hash Rate TH/s
21-27 May 2020, avg Last 7d vs previous 7d
92,882,000 -0.79%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

4
Trading sentiment (7 days timeframe)


Trading sentiment report is based on a cumulative analysis of the positions of margin trading.
For example, in the case of increasing long positions at a low price, followed by a reduction at a high price, the bull profit is accumulated. On the contrary, bears will increase their income in case of growth, with a subsequent reduction in positions at a fall in prices.
5
Price levels prediction (7 days timeframe)
Price movement prediction
Price Description
9640.0 Channel maximum price resist level based on 7 days movements
8720.0 Channel minimum price resist level based on 7 days movements
Brief prediction

Price of BTC will be traded in CHANNEL near to $9144.0 with $9640.0 as upper border and $8720.0 as bottom.


Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis.

An analysis is made for the period under consideration and the three preceding ones with exponential decay
6
Performance
Price 1 day 1 week 1 month 3 month 6 month 1 year ATH % from ATH
9405.8 3.79% 4.15% 22.95% 6.87% 23.71% 7.85% 20149 46.68%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
buy
9088.9
buy
9176.8
buy
9266.5
buy
8570.8
buy
8405.5
buy
8232.9
buy
8
Bitcoin Open Interest

Futures report as of 2020-05-29 CME & CBOE combined

Open Interest: 52,302 (-314)

Category Short Long Sentiment
Funds 33,272
-537
24,841
59
57.25% sell
42.75% buy
Others 11,479
327
7,844
-177
59.41% sell
40.59% buy
Small 1,961
20
14,412
-72
11.98% sell
88.02% buy

Short brief

No data updates from CFTC due to US government shutdown.