Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-06-16)

The price of the currency is approaching 5000 for the first time in two years

1. Market trend <br/>The current price of Bitcoin is 4850 yuan. It stretched rapidly in the early trading, from 4600 to around 4950, a surge of 6.5%. It is an eternal truth not to short in a bull market. From the data, this wave of rise is caused by the combined efforts of the market. The number of newcomers in the market has increased greatly, and the market has gradually turned to bullish when it was sideways. Now there is a trend of accelerating rise, and it is hard to say how high it can go. Continue to hold for the long term.

2. The long-short index shows the recognition of the value of Bitcoin by the OTC market . The long-short index at the hourly level is shown in the figure. The data does not need too much explanation. In the past two days of sideways trading, more people are bullish. Before the big rise, the index of short selling has gradually decreased.

3. Newcomer Index to see the market's reaction to prices <br/>The chart shows the sentiment index calculated hourly. After the price went up, it was full for three consecutive days. The number of newcomers increased greatly, bringing in abundant funds. This morning's data shows that there are still many newcomers.