BTC dollar market real time

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

many people may not have a special impression of bitcoin, that is to say, its rise ring the epidemic in 2021 is very high, and its overall price also makes us feel terrible and shocked but I didn't expect that the current price of bitcoin has dropped, and its main price has now dropped to $48000. But we all know that the price of bitcoin has risen to nearly 50000 yuan before, and now we all feel that we cherish such a decline. And the occurrence of this thing is also unimaginable to all of us{ RRRRR}

Since the second half of 2020, the price of bitcoin has been going up all the way. Up to now, bitcoin has broken through the $50000 mark, which can be said to be a straight-line surge. Why are many short sellers not optimistic about their prospects before, but their prices are running all the way to the top? Is it that they say no, but in fact they are very honest< in fact, the price surge of bitcoin is e to the fact that musk, the founder of Tesla, the new world's richest man, has publicly expressed his support for bitcoin, and that multinational financial consortia such as JPMorgan Chase and MasterCard have also provided bitcoin platforms, which has led to a sharp rise in the price today, Xiaobian will give you some ideas about bitcoin

the price of bitcoin has been at the highest level in history after a period of rapid rise. It is not known whether it will continue to rise or let it go all the way. For us ordinary people, this price is already sky high. We'd better wait for the fight of major capitals. Netizens, what's your opinion? Welcome to comment area message exchange

About $240, the following is the market chart, for reference only:

when bitcoin breaks the $50000 mark, I think bitcoin will continue to rise, because bitcoin is a scarce resource, bitcoin has core competitiveness, and bitcoin has the function of preserving value