Recent events of BTC
The impact of the okex incident on the currency market is fading; With the US election becoming increasingly white hot, the difficulty and hash rate of bitcoin are higher than before
in terms of price, so far, BTC has rushed to around us $11720, with a 24-hour increase of more than 2%
so the question is: where will bitcoin go in the next week
here are five factors that may affect the BTC price trend in the coming week
No.1 US macro level: election and stimulus plan this week, the US is the absolute focus of the macro market. The US presidential election will soon usher in a decisive moment (November 3)
analysts warn that if the Democratic Party (Biden) wins, the dollar will depreciate - and the long-term outlook for the dollar is already precarious. Goldman Sachs said last week that Trump's re-election was not enough to get the dollar out of danger
however, no matter what the election result is, professionals recommend buying gold as a hedge. However, in the view of others, bitcoin may bring more profits
However, e to the inverse correlation between BTC / USD and the dollar currency index (DXY), the strength of the US dollar, in the view of some bitcoin traders, will still affect the price trend of bitcoin. Although this correlation has become less and less obvious in recent weeks, the sudden weakness of the US dollar is still likely to be a boon for bitcoin
six month chart of US dollar currency index. Source: tradingview
at the same time, not only the election, but also what happened before is also a topic of interest. Specifically, a coronavirus stimulus plan was in place before polling day
If this happens, trillions of dollars of liquidity will increase the growing debt pile of the United States, and Americans will see additional benefits, such as an additional $1200 economic stimulus planNo.2 Europe suggests more intervention
with the outbreak again, the European Central Bank (ECB) is considering further measures
European Central Bank President Christina; In an interview with Le Monde on Monday, Lagarde said the European Central Bank would use more financial instruments if necessary
the European Central Bank's coronavirus stimulus program has purchased a total of 1.5 trillion euros of assets
"We haven't run out of options in our toolbox yet," says Lagardebrexit is increasingly moving towards "no agreement" brexit, which makes the possibility of instability worse
No.3 the fundamentals of bitcoin have reached a new high
recently, bitcoin has maintained a strong resilience in the face of various black swan events. Influenced by okex, BTC recently dropped below $11200, but recovered steadily soon. So far, it has exceeded $11600
and on the technical level, the fundamentals of bitcoin also maintained a record strength this month
two days ago, the difficulty of the latest adjustment increased by 3.5% than expected
at the same time, the hash rate also climbed to a record high on Monday. At the time of publication, the estimated computing power for mining is 146 exahashs (EH / s) per second
as often reported in the media, the popular theory is that the price follows the hash rate, because the long-term investment prospect of bitcoin is better than ever before
bitcoin 7-day average hash rate 1-month chart
No.4 analysts focus on $12000 BTC price breakthrough
for famous analyst Micha & # 235; For Lvan de Poppe, the key price conversion of bitcoin is becoming more and more reasonable
in his latest video update on Sunday, he stressed that the significant resistance level of weekly closing price below US $12000 for several consecutive years will soon end
Van de Popper believes that since the beginning of the bear market in early 2018, US $12000 has become the rejection point of the weekly chart, but the consolidation below cannot last forever
he concluded: "we are likely to rebound to the range of US $16000 to US $17000, because this is the obvious level and the last obstacle for bitcoin to begin to break through the all-time high."
after this move, there will be another consolidation period, which may last longer than the current period
van der BOPP added that he advised viewers to work hard to accumulate bitcoin, even in the $16000 range
BTC / USD 7-day price trend chart. Data source: coin360
No.5 market sentiment: greed is back
with the graal strengthening of prices, investor sentiment is also changing: data shows that investor sentiment is becoming more and more greedy. In the latest market data, the fear and greed index has returned to the "greedy" area, rising slightly from "neutral" in the past week
this indicates that bitcoin investors' emotional expectations will be bullish, but it should be noted that if the price rises too fast, "greed" will become "extreme greed", in which case the index is more likely to callback
It was in 2017 that China announced that bitcoin trading was not allowed in China. Overnight, all exchanges withdrew from the Chinese market. Because of this news, bitcoin once plummeted. This is the general 94 event
e to the decentralized programming adopted by the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million
in other words, the bitcoin system can be self-sufficient, resist inflation through coding, and prevent others from destroying these codes
expansion data:
bitcoin price bubble exists, it is a problem that need not be discussed. Whether from the increase or from the value of the currency itself, bitcoin is bubbly. p>
its so-called advantages, such as scarcity, fidelity, strong liquidity, transparency and decentralization, are just the cover of speculation, which can not support its roller coaster like rise. Today's slump is telling
1、 As for how to view the big rise of bitcoin, in my opinion, the reason for the big rise of bitcoin is that many people have made high profits in the previous big rise of bitcoin. So this time, these people will encourage many people to hype bitcoin, and they will encourage many people to hype bitcoin, It's because once a lot of people hype bitcoin, bitcoin will become more and more popular, and they can continue to earn high profits{ RRRRR}
4. So, even if bitcoin soars, we will enter the market of hyping bitcoin. Let's not inlge in hype. Don't be too greedy in bitcoin. After earning certain benefits, we can stop it directly. If it is too greedy, we will lose all our money in the end. So, the reason why bitcoin soars so fast is that, It's because there are people behind these retail investors who are pushing the rise of bitcoin. These people want to use bitcoin to earn high profits, which will push the rise of bitcoin. There are also some retail investors who want to earn high profits. Once the value of bitcoin drops, they will lose all their money
In the past 24 hours, more than 110000 people in bitcoin have burst their positions, and 5.8 billion funds have been swallowed. In fact, I think the team is cutting leeks. In fact, the decline of bitcoin can be met in advance, and nothing can prosper all the time, So for most people, they still need to maintain a rational attitude to buy some funds or stocks and bonds. If it becomes a state of large-scale loss, then their money will be tied up, which is certainly not very good for them. Our attitude towards bitcoin is that it will not decline, it will only rise, So most people may not consider this situation and put all their money into it, but in such a situation, if the institutions withdraw their funds, they will inevitably face a lot of capital losses of retail investors
however, in the face of such a situation, we must understand that not all such things can have an answer, such as this kind of irregular things. As an ordinary investor, if we want to buy opportunistically, we may have to bear a greater risk, but in the face of the relative institutional investment, They may take less risk, because the risk they need to take is actually created by them. For most institutions, if they want to go up in the last stock, the probability of the stock's rise may be much greater than the probability of its decline. As for bitcoin, more than 110000 people burst their positions in the past 24 hours and 5.8 billion funds were swallowed, losing money in succession, in fact, I think the team is cutting leeks
After testing the pressure level for many times, bitcoin finally reached the threshold of $50000. After nearly a week's shock, this breakthrough is also expected. But do not know how many investors in the long-term shock, lost valuable chips. I've been asking everyone to have one recently; Bitcoin world list;, That's the truth
in this week's shock, most novices can't hold the money, and some are shocked by the last wave of shock in the final shock process. Many novices have left messages with me, but they have no idea. All of them are still saying, either hold money or set up a Tiandi list. Only in this way can you ensure that you will not have no idea in this wave of bull market. If you want to suggest learning to set up a Tiandi list, you can chat with me in private
as can be seen from the chart, bitcoin has stepped out of the rising wedge after a week's shock, and this wave of breakthrough represents that bitcoin is on a new stage. The pressure level above is around $54000, so you can focus at the end. If you step back on the trend line of $50500 later, it will be a good opportunity
from the perspective of the comprehensive layout of the market, bitcoin will continue to be strong, Eth and defi will be linked, one rise will rise; Boca plate continues to be hot, there are changes in platform currency, you can pay attention to it; The central platform is stronger, while the decentralized platform is still the end of attention, and there may be linkage. The hot spot of the market is too fast, we must pay attention to the trend of the leading currency, so as to determine the focus of investment in the next stage
Bitcoin fell to 58000 yuan and 180000 people burst their positions. The affected groups are:
1 2 3 bitcoin, as a virtual currency in emerging instries, has attracted many people's attention. After bitcoin's sharp rise, the fluctuation began to increase, which caused fatal harm to many people. Bitcoin fell to 58000 yuan and 180000 people burst their positions. The affected groups were mainly those who increased their positions at a high level. The cost of these people was relatively high, and a little fluctuation would lead to big losses; At the same time, people who buy bitcoin with leverage or financing have weak ability to resist risks, and violent fluctuations will lead to their positions bursting. They should be the group most affected and the group with the most serious losses among the positions bursting groups; Finally, the trading maniac, keep chasing up and down, this group influence is also relatively large the people who chase up and down may not be as miserable as the above two groups. However, with a large number of transactions, the people who chase up and down every day will also suffer losses. This kind of thing consumes a lot of energy, but the loss of money also has a greater impact on them, and they are also a relatively influential group
when monetary policy is loose, bitcoin will rise or fall
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
bitcoin: also known as "bitcoin", is a kind of network virtual currency. Internet users can use bitcoin to buy some virtual goods, such as clothes, hats and equipment in online games. Internet users can also use bitcoin to buy real goods.