Now BTC is bullish and bearish

1. After the craze of the encryption world in 2017 and 2018, there have been more than 2000 kinds of cryptocurrencies on the market, but few of them can generate revenue. Which currency has more potential in 2019
bitcoin (bitcoin)
as the wind vane of virtual currency, its position in the coin circle is recognized. It is no exaggeration to say that the rise and fall of bitcoin affect the nerves of investors. For example, in the virtual currency trading in the domain Kingdom, investors choose to be bullish or bearish, and they can make profits after maturity. Virtual currency is not only a currency, but also a symbol of virtual currency
Ethereum is regarded as the symbolic currency in the era of blockchain 2.0. The concept of public chain created by Ethereum is no less important than that of windows in the operating system, and its market value is second only to bitcoin. Ethernet currency is widely used in many cryptocurrency markets<

ripple
ripple is a kind of virtual currency. There are many old players who know ripple, but they are a little strange to novices. Since its founder Jed launched, reborn coin has many fans in China, and also has great influence in Europe, the United States and other regions
Factom
is one of the most popular cryptocurrency investment lists. Factom currently ranks 79 on the cryptocurrency list, with a market value of $60927718 and a current price of $6.48, which means that it is likely to become a top big currency in terms of market value
don't invest in counterfeit currencies that are hot and hot for huge profits. Only a good currency can really help investors achieve their profit goals.

2. How to use the three technical indicators to understand the rise and fall of bitcoin

coincola coying Cola
Global innovative digital asset trading platform
how to use the three technical indicators to understand the rise and fall of bitcoin
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4 minutes
recently, "bitcoin broke through $8000" has been on the hot search. For a while, bitcoin rose, reborn rose sharply, and Ethereum led the rise... A week later, this big play dominated by bitcoin didn't seem to come to an end, and the trading volume was once pushed up to 100 billion US dollars

in the investment world, "madness" and "fear" coexist. Today's "madness" stems from last year's long-term "fear". However, this time, coincola Cola Research Institute tracks and analyzes the technical indicators behind the rising market, and deconstructs the "passion" of the market with the "rationality" of data< (1) mining and bitcoin price

start with the relationship between mining and bitcoin. The core technology of bitcoin is "blockchain", which is connected by blocks. Each block corresponds to a bill. All transaction information and transfer records of bitcoin are recorded on the blockchain. Every other point in time, the bitcoin system will generate a random code on the system node. Due to distributed accounting, all computers on the Internet can search for the code. Whoever finds the code will generate a block and then get bitcoin. This process is mining. Calculating this random code requires a lot of GPU operations, so miners need to use mining machines with massive graphics cards to make profits

1. Bitcoin computing power: starting to pick up

remarks: June 2018-may 2019 bitcoin hash value

data source: bitcoin visual, coincola Research Institute

the above figure shows the bitcoin hash value. The hash value of the bitcoin network represents the computing power of the blockchain. The growth of computing power means that miners increase mining investment or increase the number of miners. Since the second half of 2018, the hash value has recovered from falling back to picking up, from 32eh / s at the end of the year to 50eh / s now, and the recent growth trend is remarkable. The continuous growth of bitcoin hash value (representing computing power) indicates that the market is optimistic about the future of bitcoin

2. Mining difficulty: stepped up

remarks: bitcoin difficulty from June 2018 to may 2019

data source: bitcoin visual, coincola Research Institute

the figure above shows bitcoin difficulty. Since 2019, the difficulty of bitcoin mining has increased in a step-by-step manner, from the low 5T to the current 7T. It can be seen that the rapid rise of bitcoin in this round has reced mining costs and increased market entry personnel. The increasing difficulty of mining means that there are profit opportunities in cryptocurrency market, and the market is generally optimistic< (2) the number of active addresses and transactions on the chain are important indicators reflecting the activity of cryptocurrency, which are highly correlated with the price of cryptocurrency

1. The number of active addresses on the bitcoin chain: a straight line rise

remarks: the number of active addresses on the bitcoin chain from June 2018 to may 2019

data source: coinmetrics, coincola Research Institute

active addresses refer to the addresses where transactions have taken place every day, that is, how many independent addresses conct transfer transactions on the chain every day. Since 2019, the number of active addresses on the bitcoin chain has been rising, especially in recent years. From 540.60143k in January to 832.592k now. It shows that the rapid growth of active users of cryptocurrency is a very positive signal for the market

2. The number of transactions on the bitcoin chain: continued to rise

remarks: the number of transactions on the bitcoin chain from June 2018 to may 2019

data source: bitinfo charts, coincola Research Institute

since 2019, the number of transactions on the bitcoin chain has continued to rise, from 235k in early 2019 to 374k now. Moreover, since April and may, after two rounds of sharp rise in the price of bitcoin, the number of transactions on the chain has remained at a high level, even showing signs of a short-term surge< (3) lightning network and bitcoin price

in essence, lightning network adds a layer to the basic layer of bitcoin blockchain in order to make the transaction fast and cheap. With the existence of lightning network, users can remit money to each other at any time and pay very little. Lightning network represents not only the technical level of bitcoin, but also the important basis of bitcoin value

1. Lightning network nodes: rapid growth

remarks: bitcoin lightning network nodes from January 2018 to may 2019

data source: bitinfo charts, coincola Research Institute

the test version of lightning network started on the bitcoin main network on March 15, 2018. The number of lightning network nodes was only 64 at the beginning of 2018 and increased to 2329 at the end of 2018. Since 2019, the number of lightning network nodes has increased rapidly, and now it has reached 4289. In less than half a year, the number of nodes has doubled. The continuous expansion of nodes indicates the continuous upgrading and development of bitcoin lightning network technology, which is an important indicator of bitcoin price

2. Lightning network capacity: speed up

remarks: bitcoin lightning network capacity from January 2018 to may 2019

data source: bitcoin visual, coincola Research Institute

the data above shows that as of May 15, 2019, bitcoin lightning network capacity has increased to 1039 BTC, equivalent to 833usd, while at the beginning of 2019, it is only 504btc, Lightning network capacity doubled, and the growth rate accelerated. This means that the expansion of bitcoin has been well solved in lightning network technology, which will help keep the payment channel active and effectively support the functional application of bitcoin

the performance of mining, chain trading and lightning network is closely related to the price of bitcoin. On the one hand, the rise of bitcoin price acts as a catalyst to stimulate its performance in mining, chain and lightning network; On the other hand, mining, chain trading and lightning network are the important cornerstone of bitcoin price trend and the important basis of bitcoin price expectation<

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3. If a few years ago, maybe I would not hesitate to say bitcoin, but in recent years, the development of bitcoin is a bit unsatisfactory. Today's latest information report also shows that the price of bitcoin has fallen below $10000. If you only hold bitcoin, it may not be good news, but it has no effect on the virtual currency contract transaction, which can be traded in both directions

if you don't have a lot of spare money on hand, it's a good choice to invest in virtual currency at this time. With a threshold of several hundred yuan, new users of the realm can also get a $50 coupon, which will not affect our lives, but also bring considerable benefits<

the investment mode that can also trade is not only suitable for young people, but also for the elderly, because it does not require you to have much deep investment experience, as long as you know how to judge the direction of price rise and fall, and the trading time is relatively free, 24 hours a day can be operated at any time.

4. Bitcoin has been experiencing a lot of volatility, which worries traders and investors. But according to market experts, it's just a matter of time before bitcoin reappears. Bitcoin is still the only cryptocurrency that has received worldwide attention, recognition and adoption. It has been accepted by organizations and payment gateways around the world, and even new milestones are being achieved. For example, bitcoin's hash rate has reached a record high of 6.2 billion trillion< Let's take a look at the famous bitcoin forecast:
1 Tom Lee bitcoin price forecast
former chief stock strategist JP Morgan, co-founder and research director of fundstrat Tom Lee believes that the break even cost of mining a BTC is directly related to the price of cryptocurrency. He believes that BTC will grow as he expects more institutional investors to adopt bitcoin and the user base of bitcoin to grow steadily. In a recent interview, he said that bitcoin could bring 100% return to investors in 2020 after the expected halving of bitcoin in May 2020
2 Fran strajnar bitcoin price forecast
Fran strajnar put forward a very optimistic forecast that BTC may reach US $200000 by January 2020. He believes that the adoption rate is directly proportional to the price rise. The higher the adoption rate, the more the value increases<
3 bby Lee bitcoin price forecast
Bob Lee, CEO of BTCC, China's first exchange, once said that bitcoin will take 20 years to reach $1 million. Now his prediction has completely changed. Bob Lee, the co-founder of BTCC (Hong Kong bitcoin exchange), and Charlie Lee, the brother of lightcoin, gave extremely optimistic predictions, but they began to be bearish. He claimed that bitcoin could start to recover from the end of 2020, reach $333000 by 2021, and then drop to $41000 by 2023. He repeatedly pointed out that the market capital may reach $7 trillion, which may exceed the market value of gold. He even mentioned that bitcoin will lead to price stability and global liquidity in the next few years
4 John McAfee bitcoin price forecast
John McAfee has always been one of the stagnant bitcoin enthusiasts, and he puts forward his own forecast from time to time. He has recently become more optimistic than ever, saying that bitcoin could reach $1 million by 2020. Other bitcoins such as Apollo and MTC are likely to rise 10 times as much as BTC enthusiasts. He recently said that his past forecast of $1 million for bitcoin was just a trick
McAfee predicts that 10 years from now, "there will be no legal tender in the world, everything will become cryptocurrency."< 5 Tim Draper bitcoin price forecast
Tim Draper is one of the famous venture capitalists. He predicts that bitcoin will occupy 5% of the money market by 2023. He is optimistic that the price of bitcoin could rise by $250000 by 2023
our forecast:
2020 bitcoin price forecast: will bitcoin rise
bitcoin has been doing well, and recently it has started a bull market. This shocked the market. Now, traders and investors are in a state where they are trying to make the most of the bull market. The more transactions, the higher the price. In addition, we know that bitcoin is scarce in circulation, that is, only 21 million bitcoins can be mined, of which 17 million have been mined, which means that only 4 million will be mined, which will make it more valuable
in addition, some countries such as the United States, Japan and South Korea have shown great willingness to integrate bitcoin and other cryptocurrencies into their financial systems by establishing a regulated market that can operate freely and safely. By the end of 2020, the price of bitcoin will reach $23499
bitcoin price forecast 2022
by 2022, bitcoin may have an unexpected growth, and the adoption rate will increase by two times. Bitcoin may be accepted as the most feasible payment system by the public all over the world, and there is no trouble. In any case, bitcoin is not out of reach until it becomes the sweet spot of legal tender, and most developed countries are likely to see changes faster than other currencies. By 2022, given steady progress, bitcoin could reach $32000
bitcoin price forecast 2025
bitcoin price forecast shows that through five years of investment, bitcoin price will maintain 385.450281% of BTC price value for a long time. This means that in 2025, the price of bitcoin is expected to reach $50044.6 Bitcoin's future forecast)
bitcoin may reach the $50000 mark in 2025, which may push the encryption market to a completely different height. According to the prediction and analysis, bitcoin is ranked first without any competitors. Graally, bitcoin is likely to be seen more as a store of value, as well as an alternative currency. There are some bitcoin price forecasting tools that can help experts get the data. As encryption enthusiasts like John McAfee predicted, legal tender could be replaced by bitcoin
by 2025, bitcoin may be used more frequently by more people, that is, real-time use cases will increase, which will make it more powerful.

5.

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 plan

No.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 Lagarde

brexit 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

6.

Last night's bitcoin was destined to be recorded in history

at 2:00 a.m., bitcoin suddenly plummeted, rapidly falling by nearly $1500. 3: 45, bitcoin fell rapidly from $9700 to a low of $7998. This is the first time since mid June that bitcoin has fallen below $8000, the lowest level in four months

The sharp drop in the price of the currency has brought about a terrible situation in the contract market, which was full of blood last night

according to the statistics of coin data, in the past 24 hours, a total of 920 million usdt (about RMB 6.65 billion) of burst orders were added

"bitcoin crash" also appeared on the microblog hot search list again two months later

it is worth noting that a few days ago, there was news in the market that "the Central Bank of China will issue digital currency within 80 days". At a news conference yesterday (September 24), Yi Gang, governor of the people's Bank of China, said that there is no timetable for the introction of digital currency. He said the goal of digital currency and electronic payment in the future is to replace part of cash

bitcoin plummeted by more than 15% in 100 minutes

below US $8000

last night, the collapse of bitcoin shocked investors again

at 2:00 a.m., bitcoin suddenly plummeted, rapidly falling by nearly $1500. 3: 45, bitcoin fell to a low of $7998, down more than 15%. This is the first time since mid June that bitcoin has fallen below $8000, the lowest level in four months

"in terms of bitcoin, this is quite a rare event," said Qiao Wang, proct director of messari, a New York based cryptocurrency centric data and research company

so far, bitcoin has plummeted nearly 35% from the highest point of US $13355 in the year

this means that bitcoin's bull market in 2019 is in trouble

since September 2, BTC has started to collapse from a bearish downward triangle, which has been noticed by most people in the cryptocurrency twitter community

some market participants said that the decline of bitcoin was partly e to technical factors. They pointed out that the digital currency has been falling in a triangle, which is a bearish signal

ZBG CMO Lizzie of the Hong Kong digital currency exchange
Lo told the fund that a series of expectations have been digested, including the expected baktt exchange online, but the trading is flat. In addition, the institutions will make corresponding strategic adjustments,
several major institutions short bitcoin

It is reported that bakkt is one of the main catalysts for the sharp rise in bitcoin prices earlier this year. However, he further added that it is too early to see the long-term impact of this futures proct on bitcoin

as of the press release, the price of bitcoin was $8651.53, down 11.08% in the past 24 hours

and the coin circle is also full of sorrow: EOS, Ethereum, etc. all fell by more than 10%

however, Lizzie Lo said that after a round of slump,
it noticed that usdt, a stable currency, had a large premium as a ticket for investment in the currency circle, which meant that there was a lot of money on the sidelines. In the medium and long term, it believes in the consensus of bitcoin, and the downward adjustment only gives opportunities for traditional funds that had not entered the market

investors were awakened by qiangping's SMS in the middle of the night

the overall collapse of the currency circle has brought about a miserable contract market, which was full of blood last night

according to the statistics of coin data, in the past 24 hours, a total of 920 million usdt (about RMB 6.65 billion) of burst orders were added. Among them, bitcoin added 6.34 million burst warehouse receipts, about 72000
BTC; EOS added 9.79 million explosive warehouse receipts, about 36.07 million EOS; Ethereum added 10.5 million explosive warehouse receipts, about 652000 eth

some bitcoin investors said that they woke up in the middle of the night last night, received a burst SMS, and then couldn't sleep any more...

the long short ratio ranged from 2:1 to 1:1

however, there were also those who made a lot of money by shorting:

according to the triple BTC short index of ZBG platform, the short profit reached its peak at 3:30 on September 25. So far, the short index has grown by 33.5% in 24 hours

Lizzie Lo points out that at 3:30 a.m., the triple shorting index reaches its peak, which means that the most people are short at that time

under the crazy counterattack of bears, the market long short ratio was slaughtered from 2:1 to 1:1

in addition, as investors sought to close their positions in the crazy sell-off, they withdrew from the market of $30 billion within 24 hours About 213.3 billion yuan)

Yi Gang: at present, there is no timetable for its launch. The goal is to replace part of M0. It is worth noting that recently, it was reported in the market that "the Central Bank of China will issue digital currency within 80 days". At a news conference yesterday (September 24), Yi Gang, governor of the people's Bank of China, said that there is no timetable for the introction of digital currency

Yi Gang said:

I would like to say a few points about digital currency. First, the people's Bank of China has been studying digital currency since 2014. We have a digital currency Research Institute and a special team, and we have made positive progress. We combine the central bank's digital currency and electronic payment tools, so it is called a package of digital currency and electronic payment

Second, what are the goals of digital money and electronic payment in the future? The goal is to replace a part of M0, that is, to replace a part of cash. It does not mean to replace M1 or m2

Third, the future framework of our digital currency is a two-tier operation system of the central bank and commercial banks, which will not change the current money supply path and system, so as to fully mobilize the enthusiasm of the market

Fourth, we will adhere to the centralized management, do not presuppose the technical route in the research and development work, we can choose the best in the market through fair competition, we can consider the blockchain technology, we can also adopt the new technology evolved from the existing electronic payment, fully mobilize the enthusiasm and creativity of the market, we have also set up a mechanism compatible with the incentive mechanism of market institutions. As for when you ask, we don't have a timetable. I think there will be a series of research, testing, pilot, assessment and risk prevention. Especially if digital currency is used across borders, there will be a series of regulatory requirements such as anti money laundering, anti terrorist financing, anti tax haven and "know your customer"

- for more data, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute