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Bitcoin

BTCUSD

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78349.270

-218.060-0.28%

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Market Movers:Bitcoin (BTCUSD) Is up 1.05% on Aug 30: Why It Happened

Discussions

TradingKey Chart

Time

15m

30m

Today

-0.32%

5 Days

+1.34%

1 Month

+23.35%

6 Months

+12.94%

Year to Date

-10.71%

1 Year

-27.26%

Key Data Points

Opening Price

78489.990

Previous Closing Price

78567.330

Price Range of the Day

78128.00078774.000

52-Week Price Range

57778.840126073.430

• Spot exchange-traded fund inflows supported sustained Bitcoin demand and institutional allocations. • Macroeconomic liquidity dynamics and lower real yields favored scarce digital assets. • Technical indicators including the MACD and RSI signaled buy conditions.

TradingKey10 hours ago

Bitcoin (BTCUSD) Is up 1.07% on Aug 29: Why It Happened

• Persistent spot ETF inflows and macro liquidity supported Bitcoin capital flows. • Institutional accumulation and derivatives market dynamics stabilized the broader market structure. • Technical indicators show buy signals while noting overbought conditions for Bitcoin.

TradingKeySat, Aug 29

Bitcoin and Gold Outlook: BTC and XAU slide as Fed Chair goes hawkish

Bitcoin (BTC) and Gold (XAU/USD) are broadly retreating on Friday as investors reevaluate their positions after recent price gains. Bitcoin approached $81,500 earlier in the day but faced rejection, fueling the ongoing correction.

FxstreetFri, Aug 28

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Bitcoin (BTC) is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. A daily close below $80,000 could raise the probability of an extended correction in search of liquidity.

FxstreetFri, Aug 28

Bitcoin (BTCUSD) Is down 1.02% on Aug 28: What Do On-Chain Data and Market Sentiment Show?

• Bitcoin pulled back due to profit-taking near the $80,000 to $82,000 resistance zone. • Leverage unwinding and moderated ETF flows reinforced the intraday price decline. • Technical indicators show a buy signal alongside an overbought RSI condition.

TradingKeyFri, Aug 28

Bitcoin Weekly Forecast: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier.

FxstreetFri, Aug 28

Indicators



The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Buy

Sell(3)

Neutral(1)

Buy(7)

Indicators

Sell(2)

Neutral(1)

Buy(2)

Indicators

Value

Direction

MACD(12,26,9)

1104.965

Buy

RSI(14)

72.691

Buy

STOCH(KDJ)(9,3,3)

61.142

Sell

ATR(14)

2961.634

High Vlolatility

CCI(14)

52.984

Neutral

Williams %R

15.242

Overbought

TRIX(12,20)

0.946

Sell

StochRSI(14)

16.003

Oversold

Moving Average

Sell(1)

Neutral(0)

Buy(5)

Indicators

Value

Direction

MA5

78506.526

Sell

MA10

78175.457

Buy

MA20

71599.186

Buy

MA50

67270.444

Buy

MA100

66217.503

Buy

MA200

69361.292

Buy

Bitcoin Trading Strategy

Intraday

Medium Term

Short Term

Trading Strategy

The configuration is positive.

Alternative scenario

below 78,057, expect 76,844 and 76,122.

Comment

The upside prevails as long as 78,057 is support, with 80,624 and 81,347 as targets

4 hours ago

Source: Trading Central(Reference Only)

More Details of Bitcoin

In January 2009, Bitcoin was launched as a decentralized cryptocurrency, originally detailed in a 2008 whitepaper by an individual or group under the pseudonym Satoshi Nakamoto. This peer-to-peer digital currency enables direct transactions between equal, independent participants without requiring intermediaries. Nakamoto designed Bitcoin to facilitate “online payments to be sent directly from one party to another without going through a financial institution.” While earlier concepts for decentralized electronic currencies existed, Bitcoin is distinguished as the first cryptocurrency to achieve practical implementation.

Is Bitcoin anonymous?



No, Bitcoin is not completely anonymous. While user identities are encrypted, all Bitcoin transactions are publicly recorded on the blockchain, so Bitcoin is more accurately described as "pseudonymous" rather than fully anonymous.

Who developed Bitcoin?



Bitcoin was originally described in a 2008 whitepaper by a person or group of people using the pseudonym Satoshi Nakamoto. Nakamoto launched the Bitcoin network in January 2009 and mined the first block, known as the genesis block. While Nakamoto was the original inventor, the Bitcoin code has been contributed to by over 750 developers over the years, with key contributors including Gavin Andresen, Wladimir J. van der Laan, Marco Falke, Pieter Wuille, and others.

Why is the Bitcoin price so volatile?



The Bitcoin price tends to be very volatile because Bitcoin is a new and speculative asset. The price can fluctuate a lot based on factors like news, regulations, and adoption rates. The relative youth and speculative nature of the Bitcoin market contributes to its high price volatility.

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Bitcoin

78349.270

-218.060-0.28%

Bitcoin

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Discussions

Key Data Points

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Analysis

Bitcoin (BTCUSD) Is up 1.05% on Aug 30: Why It Happened

Bitcoin (BTCUSD) Is up 1.07% on Aug 29: Why It Happened

Bitcoin and Gold Outlook: BTC and XAU slide as Fed Chair goes hawkish

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Bitcoin (BTCUSD) Is down 1.02% on Aug 28: What Do On-Chain Data and Market Sentiment Show?

Bitcoin Weekly Forecast: Billions in ETF inflows push BTC toward decisive breakout

Indicators