Market data as of 11:04am, 18 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 climbed slowly for 4 consecutive days now to 0.0409% and the number of active addresses has increased significantly by 7.2% to 534,000, compared to yesterday’s figure of 477,000. In addition, the number of Bitcoin’s exchanged has also stayed above 7-day average for 3 consecutive days now. BCtrend analyst states that Bitcoin popularity growth rate is lower than that of the number of active addresses, which indicates that this current round of rebounce is driven by capital stock. Thus, the upward potential is weakening and a short-term market correction is likely to be seen. According to independent analyst Tommy Tang, Bitcoin prices continue to trend upwards and is approaching the pressure position $6,600. If this mark can be broken through, the upward trend is very likely to continue.
Block Asia Partner: TokenInsight https://tokeninsight.com/