Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-10-11)

Strong buying pushes higher lows
1. Market trend <br/>The price of Bitcoin was 4160 yuan this morning. When it reached the level last night, it was quickly suppressed to around 4110, but then rebounded back, indicating strong buying.
Starting from 3960, the daily line has been rising with small fluctuations for nearly 20 days, rising to the current 4160, 200 yuan, a 5% increase, forming a relatively stable upward trend. From the perspective of form, the low point continues to rise, and there have been three attacks on 4150, but they were all blocked. The current price is around 4150. Existing long positions can continue to be held or positions can be opened in batches at low prices. Be wary of the market that rises slowly and falls sharply.
The weekly K-line currently shows three small positive lines, which temporarily reversed the medium-term downward trend of the currency price. The 3800 to 4000 range has formed a relatively solid bottom since the drop from 5000.
From the data, the long-short index does not have a very clear direction at present. We look forward to the recovery of the newcomer index. The computing power of Bitcoin is hovering around 1900P, and it is just around the corner to break through 2000P. 2. The long-short index looks at the recognition of the value of Bitcoin by the outside world <br/>The figure shows the long-short index with a period of 1 hour.
3. The newcomer index looks at the relative amount of entry funds <br/>The figure shows the newcomer index calculated on a daily basis.