Bitcoin Price Analysis, Target is $6,643 Confluence Detector


Bitcoin has went on to trade in a more tighter and tauter zone over the last few months with 30, 60 and 120‐day instability forcing annual lows. Currently, the market cap is at US$195.022 billion, and for the past one day, it has managed to trade US$11.986 billion.

The total number of BTC transactions daily has gradually risen since April this year, and on average its between 180,000 and 230,000 since the month of June. This crucial metric has significantly fallen for nearly all Cryptos over the past 12 months. VisaNet, a Visa payment network, manages an average of 150 million transactions daily and is in position to manage over 24,000 transactions per second. 

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