Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2017-01-23)

The uncertainty of the upward fluctuation of the currency price increases
1. Market Trends <br/>Today is January 23, 2017. The current price of Bitcoin is 6,300 yuan. Starting from Saturday morning, the price of the currency rose from around 6,100 yuan, and within two hours, the price of the currency rose to 6,400 yuan. Yesterday morning, it rose again from 6,400 yuan to 6,500 yuan, and after the rise, it began to fall back from 6,500 yuan to around 6,400 yuan and went sideways. Influenced by the news yesterday evening, the price of the currency fell back to below 6,100 yuan.
Since 4800, the daily line has been in a continuous upward trend without fear of any event or news, which is very strong. The current price has reached the heavy pressure range of 6300 to 6500.
Looking at the weekly chart, last week was about to close with a big positive line, while in the previous two weeks, it fell from a height of more than 8,000 points and closed with two big negative lines. Although it closed with a positive line last week, the trading volume was extremely low, and there was a suspicion of shrinking volume and rising. Try to review the trend after the price of the currency fell to 8,000 yuan at the end of 2013. After the price of the currency hit the lowest point, it also ushered in a two-week rebound with shrinking volume. After the rebound ended, it began to fall.
This week is the last week before the Spring Festival holiday. Some people are on holiday, and some are busy with the Spring Festival. According to our random survey, many investors have temporarily stopped trading. At present, it seems that the big funds in the market are buying time for the final game. It is recommended that retail investors wait until various things are determined and observe the market again before entering the market for trading.
Currently, the cost of Bitcoin mining is less than 4,000 yuan, and the computing power has remained around 2,500P for a long time. Miners may have already shorted the coins that have not been produced in the next few months when the price is higher, so there is no need to worry too much about the impact of Bitcoin computing power on the price. From the data, affected by various uncertainties, the long-short index indicator has been relatively biased towards the short side in the market recently. Affected by the Spring Festival holiday, the number of new investors has gradually decreased and has now returned to the level before October last year.
2. Newcomer Index
The figure shows the newcomer index in 12 hours.