Bitcoin (BTC) weekly Market overview

Bitgur, 28 May 24
1
Global Trends
Trade volume
21-27 May 2024 Last 7d vs previous 7d
31.6B 6.51B (25.96%)
Bitcoin Dominance
21-27 May 2024, avg Last 7d vs previous 7d
66.32% -2.85%
Bitcoin Trade Volume Dominance
21-27 May 2024, avg Last 7d vs previous 7d
19.97% -14.31%
Bitcoin Network Transactions
21-27 May 2024, avg Last 7d vs previous 7d
692,689 33.30%
Bitcoin Hash Rate TH/s
21-27 May 2024, avg Last 7d vs previous 7d
638,844,108 6.91%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

10 Nov 2022 best fit
Current top 71926.0
Current bottom 70613.11
Forming date 10 Nov 2022
Last update 28 May 2024
18 Jun 2022 longest
Current top 23510.502
Current bottom 16899.916
Forming date 18 Jun 2022
Last update 28 May 2024
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
69720.0 Maximum price support level based on 7 days movements
Brief prediction

Price of BTC has broken last trend and will FALL from the support level $69720.0


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
68495 -1.73% -2.93% 5.45% 9.59% 80.90% 136.14% 115690 59.21%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
sell
70705
sell
70705
sell
70705
sell
70705
sell
70705
sell
70705
sell
8
Bitcoin Open Interest

Futures report as of 2024-05-28 CME & CBOE combined

Open Interest: 120,502 (-314)

Category Short Long Sentiment
Funds 68,967
-537
16,811
59
80.4% sell
19.6% buy
Others 8,264
327
15,784
-177
34.36% sell
65.64% buy
Small 3,721
20
9,607
-72
27.92% sell
72.08% buy

Short brief

No data updates from CFTC due to US government shutdown.