Market data as of 10:54am, 27 August 2018
Disclaimer: The views and claims expressed here are not meant as an alternative form of investment advice. Every investment move involves risk, and you should consult professional financial advisors for guidance or conduct your own research before making a decision.
According to TokenInsight analysis, Bitcoin popularity has decreased for 4 consecutive days now to 0.0212%. However, the number of Bitcoin’s exchanged has increased by 6.06% to 175,000 compared to this same period of last week. Additionally, the number of active addresses has also increased to 430,000 compared to this same period of last month. BCtrend analyst states that the hashing power across the entire network has stayed low for 10 consecutive days. As miners are becoming unanimous and investment activity has been hovering at the bottom, the Bitcoin market is likely to enjoy a positive outlook ahead.
According to independent analyst Tommy Tang, Bitcoin will continue to stay around $6,600. The hour chart shows positive trends and the price is sitting above 120MA. BTC will be likely to climb after a sufficient adjustment period is seen.
Block Asia Partner: TokenInsight