Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-06-30)

As the halving approaches, where will the next wave of market be?

1. Market Trends <br/>The current price of Bitcoin is 4,250 yuan. The figure is a Bitcoin volatility chart for the past two and a half years. After each major fluctuation, the market volatility will gradually decay until it has been trading sideways for a period of time before the next wave of market conditions arrives. The average daily volatility in May was 2.7%, and the average daily volatility in June was 7.1%. The volatility in June was 2.7 times that in May. Based on this, it can be speculated that with the halving of Bitcoin production, the price of the currency may transition smoothly and will not cause too much fluctuation. The next wave of market conditions may not start until two or three months later, when the overall volatility decreases.
4400 is still the dividing line between long and short in the short term, and the price fluctuates between 4100 and 4300. It is recommended to wait and see and wait for a breakthrough before making any moves. The short-term support is 4150 and 4000, and the upper pressure is 4450 and 4550.

2. The long-short index shows the recognition of the value of Bitcoin by the OTC market <br/>The figure shows the long-short index at the hourly level. When the price fluctuates, there are relatively more people who are bearish. When the price goes up, there are also many people chasing the rise. There are many market differences. It is recommended to wait and see for a breakthrough.

3. The Newcomer Index looks at the market’s reaction to prices

The chart shows the newcomer index calculated daily. Yesterday's newcomer index was 54, which is relatively normal, but the market still needs more fresh blood. The cost of newcomers entering the market recently is mostly above 4,000. If you can get coins below 4,000 in the mid-term, it is a relatively good price.