4 best months so far:
12/2017 average price=$14835
1/2018 average price=$12891
7/2019 average price=$10665
8/2019 average price=$10612
5 best months so far:
12/2017 average price=$14835
1/2018 average price=$12891
8/2020 average price=$11634 <- NEW
7/2019 average price=$10665
8/2019 average price=$10612
From where are you getting the monthly traded volume data? How is it calculated?
I know that you can get daily traded volume BTC price on Bitstamp from:
https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv (click on "load raw data" at the bottom of the chart, and it will show daily traded volume for the past couple of months (maybe 60 days?)
From time to time I download hourly data from here:
http://data.bitcoinity.org/markets/price_volume/30d/USD/bitstamp?r=hour&t=lb&vu=currThere is a CSV link at the bottom right corner.
It's average price for that hour, and volume. I don't care much about volume tho. Just playing with hourly price data.
Of course, accounting for trade volume would be a bit more accurate for providing an average BTC price for each month.. that would end up being a volume weighted average price, but sure, it is understandable that your looking at the numbers might not calculate for trade volume, since it is a bit more complicated to achieve a volume weighted BTC price.
So, are the averages that you had listed in your above chart meant to be for the whole month? taking an average what the price would have been for each of the days of the month? Or is it calculated in a different way? I see that the CSV download (the one that I did) had given the BTC price each hour for the past 30 days (something like that or maybe it was 31 days?).. I suppose that you could average all of those prices that are in that hourly chart and then arrive at an approximation of monthly average that is close, but does not quite account for the trade volume variance.
Bouncy bouncy. The battle or $12k rages on.
The battle for $9k took 3 months. The battle for $12k is now about a month old.
Once we see $13.5k I think we can breathe easy.
I am not sure, Jimbo.
I am not sure if we can breath easily until we get above $13,880, no?
$13,880 is the 2019 high, and could provide a bit of a challenge.
Of course, the vast majority of us longer term BTC hodlers realize that $13,880 is going to fall, but we cannot really be sure that we are going to get past that price point on this particular run, can we?
Sure, it is possible to go flying past $13,880, too, and I would suspect that the next resistance point after $13,880 is going to be somewhere in the vicinity of $17,250... tentative ideas, of course.
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