Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-30)

Insufficient funds on the market may cause significant fluctuations during holidays
1. Market trend <br/>The current Bitcoin price is 4040 yuan. Yesterday, it was still slightly volatile, with the highest price at 4050 and the lowest price at 4020. The operability is not very strong. After a few days of sideways trend, the daily K-line has stood above the 7-period and 30-period moving averages. The current price has also crossed the middle track of the daily K-line Bollinger Bands. We are waiting for a wave of upward pull to determine the upward trend of the price. If it rises above 4100 in the next few days, the sideways trend will end and a new direction will be opened. If it continues to be sideways with small fluctuations, the market trend should be re-evaluated.
The National Day holiday is coming soon. The market activity will be very low during the holiday, but this is also the best time for big investors to operate. There is not much resistance to both upward and downward movement. Since 2013, there has been a good wave of fluctuations during each National Day holiday. Let's wait and see how the trend will develop during this holiday. I would also like to remind you that friends who are on vacation and don't have time to watch the market should try not to hold positions. The market has not seen any good or bad news yet.
From the data, the market is relatively bullish. The number of newcomers increased slightly yesterday, but it is still a bit flat. The current market may be mainly dominated by funds in the market. Bitcoin computing power is currently stable at more than 1800P. The security of the Bitcoin system has been further consolidated. 2. The long-short index looks at the recognition of the value of Bitcoin outside the market <br/>The figure is the long-short index per hour. 3. The newcomer index looks at the relative amount of funds entering the market <br/>The figure is the newcomer index calculated on a daily basis.