Bitcoin (BTC) weekly Market overview

Bitgur, 25 Feb 24
1
Global Trends
Trade volume
18-24 Feb 2024 Last 7d vs previous 7d
25.5B -6.05B (19.18%)
Bitcoin Dominance
18-24 Feb 2024, avg Last 7d vs previous 7d
64.89% -1.39%
Bitcoin Trade Volume Dominance
18-24 Feb 2024, avg Last 7d vs previous 7d
19.30% -22.86%
Bitcoin Network Transactions
18-24 Feb 2024, avg Last 7d vs previous 7d
370,183 12.98%
Bitcoin Hash Rate TH/s
18-24 Feb 2024, avg Last 7d vs previous 7d
561,217,332 -1.13%
2
Volume profile (7 days timeframe)
3
Significant trend channels (90 days timeframe)


Significant trend channels

18 Jun 2022 best fit
Current top 14514.912
Current bottom 10509.564
Forming date 18 Jun 2022
Last update 25 Feb 2024
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
Brief prediction



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
51833 -4.78% -0.65% 27.49% 36.64% 120.61% 87254 59.40%
7
Exponential Moving Averages
Summary EMA5 EMA10 EMA20 EMA50 EMA100 EMA200
buy
20711
buy
20625
buy
20311
buy
34699
buy
34699
buy
20215
buy
8
Bitcoin Open Interest

Futures report as of 2024-02-25 CME & CBOE combined

Open Interest: 120,502 (-314)

Category Short Long Sentiment
Funds 68,967
-537
16,811
59
80.4% sell
19.6% buy
Others 8,264
327
15,784
-177
34.36% sell
65.64% buy
Small 3,721
20
9,607
-72
27.92% sell
72.08% buy

Short brief

No data updates from CFTC due to US government shutdown.