Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-11-24)

The market is like a roller coaster, will it be hard to see prices below 5,000 again?
1. Market Trends <br/>Today is November 24, 2016. The current price of Bitcoin is 5240 yuan. On the 21st, the price was pushed down to around 5000, on the 22nd it reached nearly 5400, on the evening of the 23rd it was pushed down to 5100, and then it was pulled back to the current price. Since the fall from 5400, the price of Bitcoin has been a roller coaster every day.
Last night, the price of the coin was pushed down to 5120 yuan, just touching the edge of a large number of chips, and rebounded. Around 5220 yuan, there is another area where a lot of chips are piled up, and it also rose slightly this morning. Looking at the 12-hour line, the current trend may be a symmetrical triangle or an ascending triangle, with the upper pressure line at 5350 yuan. It is still oscillating, and it will take some time to show another larger direction.
The weekly line has been consolidating around 5,000 yuan for nearly two months. Since it rose above 5,000 yuan on November 16, the daily line has been above 5,000 yuan for more than a week. The daily line has been above the 30-period moving average since around September 24, and it has been two months. An interesting question is, can we buy Bitcoin below 5,000 yuan again?
The classic topic of Bitcoin blockchain expansion is still being debated. Whether to expand or how to expand has not yet been determined. According to news from abroad, the price of Bitcoin in many countries is close to the highest point of 8,000 yuan in 2013. 2. Price trend index "Bitcoin price trend index" is an indicator similar to the "long and short index" calculated by the currency zone based on the statistics of domestic and foreign Bitcoin trading platforms. The purpose of the indicator is to analyze the distribution of long and short forces in the current market in order to better analyze and judge the price trend.