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BTC Analysis

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Sep, 18 2020

Sep, 18 2020

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The day closed at a price of $10,242 which is a short 1.06 percent ascend in the last 24 hours or an increase of $108.The values have not surpassed the crypto ICO Bitcoin‘s all-time high of $20,089 on December 17th, 2017. Crypto tokens Bitcoin closed for the day at $189,325,507,175. BTCgrasps 59% of the crypto asset market.The previous day’s volume of $24,128,292,755 was the least in 8 days, six percent over the previous year’s average, and 67% below the previous year’s high which indicates that yesterday, the BTC network moved to a corresponding 385 tons of gold. Yesterday314,715 exchanges took place, which is equal to 1% below the previous year’s average and 30% down than the previous year’s high. The average fee per transaction was around $1.65 which is below the previous year’s high of $3.91.

Yesterday marked a few positive movements in BTC price above the $10,200 level but BTC failed to push beyond the $10,400 mark as it strived for bullish movements.In the coming days, if the BTC does not go beyond the $10,200 resistance level, there is a massive threat of BTCgoing downhill. The primary support is near to $9,900 and $9,850. Though there is a visible gap in the levels, Bitcoin is really close to bridging the gap, yet it seems that bulls are purchasing from the bearish resulting in BTC not dipping below $10k.

Currently, there are 17,141 BTCmoguls, holding BTC worth more than $1 million.Besides, the best 10 Bitcoin addresses hold 4.9 percent of the supply, the topmost 100 hold 14.2%, and the topmost 1000 hold 34.8%. The famous John McAfee had predicted in 2017 that Bitcoin will touch the $1 million level towards the end of 2020. Annually, BTC now utilizes an approximate of a 68-terawatt hour of energy which roughly matches the Czech Republic’s energy consumption. Bitcoin was the topic of 30,051 tweets yesterday which is 45.4% more than the previous year’s average. The greatest number of tweets on a given day last year with regards to ICO Bitcoin was 82,838 tweets.


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