Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-09-05)

After a long drought, the price of the coin returns to 4,000
1. Market trend <br/>The current price of Bitcoin is 4,100 yuan. Yesterday morning, Sunday, the price directly rose from around 3,850 to 4,050, a surge of about 6%. The trading volume reached two to three times that of the sideways period in August. The price of the currency has temporarily escaped the risk of falling below 3,750.
On August 30 and 31, our analysis articles clearly pointed out that "from the data, when the market was sideways at around 3,800 in the past month, people in the market were basically bullish. If there is no major negative news, there is no need to worry that the market will fall sharply. Even if it falls, it will have the power to rebound upwards." The analysis on September 1 pointed out that "the weekly K-line has a trend of falling and stabilizing. The sideways trading of the weekly K-line has shrunk, and many people who are impatient to wait have been washed out." The analysis on September 2 pointed out that "this sideways state will soon be broken. The trading volume has shrunk to a very small level. The daily trading volume is only one-tenth of the peak period. The market is extremely deserted, and the space for large and retail investors to operate is very small. When the market is the most deserted, the general direction is easy to come out." On September 4, the price of the currency rose as expected.
Although the current direction seems to have come out, the reaction of the newcomer index is not very obvious. More newcomers and funds are still needed to maintain the current price. The possibility of a sharp rise in the short term is not very high, but it is a good opportunity to intervene in the medium term. September and October are the golden months, and there may be another wave of impressive market conditions in October or November. In addition, the Bitcoin mining industry seems to have completed a reshuffle. The current computing power has stabilized at more than 1500P and may soon rise to 2000P. 2. The long-short index looks at the recognition of the value of Bitcoin by the off-site market <br/>The figure shows the long-short index every day for the past 20 months.
3. The newcomer index looks at the relative amount of entry funds <br/>The figure shows the newcomer index calculated on a daily basis.