BTC price weekly chart

The current price of bitcoin is around $10000, but the price of bitcoin fluctuates a lot. At present, 1 bitcoin is equal to 4381 yuan, 10000 bitcoin is equal to 438100000 yuan

some people make money, others lose money. Many people take him as a hot investment. You can still make money by learning more. The third sharp rise and fall, 2017 to now this period is the most important two years of bitcoin, because bitcoin in 2017 a year, from 789 dollars, up to 19878 dollars. 24 times. Compared with the birth price of bitcoin, it has increased by 20 million times

reason: in this year, the underlying technology of bitcoin, blockchain technology, rose strongly, driving the value of bitcoin soaring. At the same time, the outbreak of Ethereum's ICO triggered the surge of bitcoin. Twenty thousand dollars, which makes many people become local tyrants overnight

now it's not only speculators. People on the earth know about bitcoin, which will surely attract more vampires, but also the murderous eyes of many countries. No, it is estimated that the long bear market rarely seen in the history of bitcoin is coming

since December 17, bitcoin has been in a bear market, falling from $20000 to more than $6000. The decline of 60% makes many people begin to doubt life. There are many reasons for this decline. Global regulation has become stricter, exchanges have been attacked all the time, and the vulnerable hearts of investors are under heavy pressure

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

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

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

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

In terms of financial situation, you can see the historical K-line chart of bitcoin. However, there are also views that $3000-4000 will have better support

1. when you normally view the K-line chart, you will default to the 15 minute market. This will clearly see the price fluctuation for a period of time

2. according to different needs, you can also view the market of the past year at the same time, You can also use the one minute line to view the less volatile K-line

3. the tool in the market icon can provide a simple convenience for market analysts to use the tool to draw the market trend chart

4. < P > the K-line is also divided into ordinary version K-line and simplified version K-line, which will be opened by default

1、 As of April 2020, bitcoin is now 98 yuan

1. Bitcoin is e-cash similar to e-mail. Both parties need a bitcoin wallet similar to e-mail and a bitcoin address similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address. The following table lists some websites that download bitcoin wallets and addresses for free