Bitcoin (BTC) weekly Market overview

Bitgur, 24 May 22
1
Global Trends
Trade volume
17-23 May 2022 Last 7d vs previous 7d
37.2B -42.7B (53.42%)
Bitcoin Dominance
17-23 May 2022, avg Last 7d vs previous 7d
58.21% 1.12%
Bitcoin Trade Volume Dominance
17-23 May 2022, avg Last 7d vs previous 7d
24.43% 4.39%
Bitcoin Network Transactions
17-23 May 2022, avg Last 7d vs previous 7d
252,899 -6.05%
Bitcoin Hash Rate TH/s
17-23 May 2022, avg Last 7d vs previous 7d
210,388,377 -5.67%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

17 Apr 2021 best fit
Current top 60797.074
Current bottom 24112.674
Forming date 17 Apr 2021
Last update 23 May 2022
17 May 2022 shortest
Current top 31455.79
Current bottom 28987.34
Forming date 17 May 2022
Last update 23 May 2022
4
Trading sentiment (7 days timeframe)


Trading sentiment report is based on a cumulative analysis of the positions of margin trading.
For example, in the case of increasing long positions at a low price, followed by a reduction at a high price, the bull profit is accumulated. On the contrary, bears will increase their income in case of growth, with a subsequent reduction in positions at a fall in prices.
5
Price levels prediction (7 days timeframe)
Price movement prediction
Price Description
31920.0 Channel maximum price resist level based on 7 days movements
29360.0 Channel minimum price resist level based on 7 days movements
Brief prediction

Price of BTC will be traded in CHANNEL near to $30840.0 with $31920.0 as upper border and $29360.0 as bottom.


Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis.

An analysis is made for the period under consideration and the three preceding ones with exponential decay
6
Performance
Price 1 day 1 week 1 month 3 month 6 month 1 year ATH % from ATH
31402 -1.29% 1.96% -20.87% -18.18% -45.26% -17.36% 68250 46.01%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
sell
30297
buy
30341
buy
32094
sell
36099
sell
38170
sell
43419
sell
8
Bitcoin Open Interest

Futures report as of 2022-05-24 CME & CBOE combined

Open Interest: 50,562 (-314)

Category Short Long Sentiment
Funds 31,757
-537
4,756
59
86.97% sell
13.03% buy
Others 4,919
327
5,569
-177
46.9% sell
53.1% buy
Small 4,201
20
5,937
-72
41.44% sell
58.56% buy

Short brief

No data updates from CFTC due to US government shutdown.