Bitcoin's volatility on Friday’s early market was relatively small, and it currently fluctuates around 40,000. The current price spread of Bitcoin during the annualization period is 6.99%, an increase of 1.08% from the previous day. Data: Yesterday there was a net outflow of 60,000 bitcoins from the exchange, which may provide impetus for the market's mid- to long-term upward trend. Data: The number of global cryptocurrency users has exceeded 221 million. The previous two months have surged by nearly 80 million. IMF: Bitcoin needs to be very widely accepted to become a currency.
From technical perspective, daily candles continue to fluctuate on the high position and closed by Doji Star, be careful with sudden market changes. H4 graph continues to accumulate momentum at the 40,000 point, BOLL turned upwards, MACD and RSI indicators were still strong. Overall, prioritise buy on the lower position within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 41300.
Resistance：41300-42300-44000
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