Bitcoin (BTC) weekly Market overview

Bitgur, 6 Dec 19
1
Global Trends
Trade volume
29 Nov - 5 Dec 2019 Last 7d vs previous 7d
46.2B -17.6B (27.62%)
Bitcoin Dominance
29 Nov - 5 Dec 2019, avg Last 7d vs previous 7d
66.77% 0.95%
Bitcoin Trade Volume Dominance
29 Nov - 5 Dec 2019, avg Last 7d vs previous 7d
29.22% -0.93%
Bitcoin Network Transactions
29 Nov - 5 Dec 2019, avg Last 7d vs previous 7d
309,051 2.42%
Bitcoin Hash Rate TH/s
29 Nov - 5 Dec 2019, avg Last 7d vs previous 7d
93,503,814 3.04%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

06 Feb 2018 best fit
Current top 11908.835
Current bottom 3657.8848
Forming date 06 Feb 2018
Last update 05 Dec 2019
17 Dec 2017 longest
Current top 10987.87
Current bottom 2852.8525
Forming date 17 Dec 2017
Last update 05 Dec 2019
27 Nov 2019 shortest
Current top 7514.8765
Current bottom 6903.649
Forming date 27 Nov 2019
Last update 06 Dec 2019
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
7560.0 Edge price dividing trends based on 7 days movements
7160.0 Minimum price support level in case of RAISE trend based on 7 days movements
7560.0 Channel maximum price resist level based in case of FALL trend on 7 days movements
7160.0 Channel minimum price resist level based in case of FALL trend on 7 days movements
Brief prediction

Price of BTC is now on EDGE at $7560.0. So the next scenario is able. If price will go up, it will RAISE with support level $7560.0 If price will go down it will spend next in CHANNEL near to $7408.0 with $7560.0 as upper border and $7160.0 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
7497.8 1.69% -4.84% -19.75% -27.47% -4.16% 115.56% 20149 37.21%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
sell
7368.1
buy
7405.9
buy
7647.5
sell
8047.2
sell
8632.1
sell
8886.6
sell
8
Bitcoin Open Interest

Futures report as of 2019-12-06 CME & CBOE combined

Open Interest: 18,392 (-314)

Category Short Long Sentiment
Funds 10,457
-537
5,521
59
65.45% sell
34.55% buy
Others 2,914
327
3,229
-177
47.44% sell
52.56% buy
Small 2,696
20
8,197
-72
24.75% sell
75.25% buy

Short brief

No data updates from CFTC due to US government shutdown.