Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-29)

Bitcoin network computing power reaches 2000P
1. Market Trend <br/>The current price of Bitcoin is 4030 yuan, which is basically the same as yesterday morning. At present, we need to pay close attention to whether the trend of each hourly line will tend to the same direction. When the direction is revealed, it may tend to rise or fall at the same time.
The current price is just near the middle track of the daily K-line Bollinger channel, and has also re-standing above the 7-period and 30-period moving averages, which is a relatively bullish signal. However, if such small fluctuations continue to go sideways, the market trend should be re-evaluated. Steady investors can wait a few more days and enter the market after it stabilizes at 4050.
From the data, the market is relatively bullish, and the number of newcomers is average. The current market may be mainly dominated by funds in the market. Unconsciously, the highest point of Bitcoin computing power has risen to more than 2000P in the past two days, and is currently stable at more than 1800P. The security of the Bitcoin system has been further consolidated. 2. The long-short index shows the recognition of the value of Bitcoin outside the market <br/>The figure shows the long-short index every 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.