2024-05-16 Bitcoin News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Firstly, let us give a comprehensive view from the overall trend of the exchange rates. The data starts on May 15th, 2024, at 00:00:02 with a value of 84564.55806 and ends on the same day at 23:55:02 with a value of 89609.47652. This indicates an overall upward trend of the BTC exchange rate during the observed period, although with several fluctuations.
Patterns and Seasonality
From the obtained BTC exchange rates, it's hard to identify a clear pattern or seasonality with the available single day data, as this typically requires a longer period to establish. However, it does appear that the BTC exchange tends to exhibit periods of marked increase or decrease at certain times of day, implying some potential intraday patterns or tendencies.
Outliers
While majority of values are observed in the 84000-86000 and 89000-91000 range, there is a sharp rise around the timestamp 07:35:03 with the value reaching 86712.49769, and after the timestamp 14:45:02, the value hits 90339.68807. This sudden increases could count as outliers, which suggests abnormal behavior or sudden market movements in these instances.
Overall, based on the data from the single day, the BTC exchange rate is marked by intraday fluctuations with an overall upward trend, susceptible to sudden jumps or falls that can represent significant market reactions to real-time events or shifts in trading behavior.
Please note this analysis only based on the historical price information from a single day, and does not consider any specific event or external market factors. Such factors can have significant impact on BTC exchange rate and should be included in a comprehensive investment analysis.![Bitcoin Experiences Staggering Growth in the Second Quarter of 2024](http://currencymart.net/images/news/bitcoin/2024-05-16/img-J5I31yKXf9FeHzrsoibf3Wqu.webp)