Data Analysis
The data released by Bureau of Census for Retail Sales on 17th December, 2024 has come in at a decrease to 0.6% for November 2024. Compared to the previous release for October 2024 at 0.6%, we can see that consumer sentiment is still increasing but slowed month over month.
To see the impact and volatility of BTC's price during the Retail Sales release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.
4-Hours Chart Analysis
In the period prior to the release, the trading volume was 3,185 BTC with prices swinging between 106,534.29 and 107,476.80, representing a swing of 0.88%. Subsequently, the trading volume increased significantly by 218% to 10,114 BTC. Price action ranged from a low of 105,725.99 to a high of 108,353.00, a significant difference of 2.42%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 233 BTC in trading volume was observed prior to the data release. Prices ranged between a low of 106,987.15 to a high of 107,476.80, a 0.46% change. Immediately following, trading volume increased by 22% to 284 BTC. At this time, Bitcoin hit a low of 107,357.22 with a high of 107,620.09, a change of 0.24%.
About Retail Sales
The U.S. Census Bureau publishes the Retail Sales report every month. It is a measure of consumer spending, an important indicator of the US GDP. Retail firms provide data on the dollar value of their retail sales and inventories. A sample of 12,000 firms is included in the final survey and 5,000 in the advanced one. The advanced estimated data is based on a subsample from the USCB complete retail & food services sample.
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
BTC-USDT
Bitcoin
Open
106,182.48Close
106,323.8724h Change
141.39 (0.13%)24h High
108,353.0024h Low
105,321.4924h Volume
28,940 BTCUS Retail Sales
Bureau of Census
17th December, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 107453.23 | 107454.90 | 107400.72 | 107454.89 | 0.00% | 0.05% | 25 BTC |
| During | 107454.90 | 107500.00 | 107454.90 | 107499.99 | 0.04% | 0.04% | 22 BTC |
| 5 Minutes | |||||||
| Before | 107295.43 | 107476.80 | 107293.84 | 107454.89 | 0.15% | 0.17% | 99 BTC |
| During | 107454.90 | 107620.09 | 107445.72 | 107445.73 | -0.01% | 0.16% | 121 BTC |
| 10 Minutes | |||||||
| Before | 107064.56 | 107476.80 | 107063.25 | 107454.89 | 0.36% | 0.38% | 172 BTC |
| During | 107454.90 | 107620.09 | 107357.22 | 107589.22 | 0.12% | 0.24% | 200 BTC |
| 15 Minutes | |||||||
| Before | 107023.99 | 107476.80 | 106987.15 | 107454.89 | 0.40% | 0.46% | 233 BTC |
| During | 107454.90 | 107620.09 | 107357.22 | 107444.60 | -0.01% | 0.24% | 284 BTC |
| 30 Minutes | |||||||
| Before | 107136.01 | 107476.80 | 106981.06 | 107454.89 | 0.30% | 0.46% | 353 BTC |
| During | 107454.90 | 107620.09 | 107211.00 | 107298.42 | -0.15% | 0.38% | 442 BTC |
| 1 Hour | |||||||
| Before | 106859.03 | 107476.80 | 106855.01 | 107454.89 | 0.55% | 0.58% | 662 BTC |
| During | 107454.90 | 107736.00 | 107203.41 | 107730.70 | 0.26% | 0.49% | 976 BTC |
| 2 Hours | |||||||
| Before | 107162.78 | 107476.80 | 106534.29 | 107454.89 | 0.27% | 0.88% | 1,833 BTC |
| During | 107454.90 | 108353.00 | 105933.88 | 106042.22 | -1.33% | 2.23% | 5,904 BTC |
| 4 Hours | |||||||
| Before | 107273.69 | 107476.80 | 106534.29 | 107454.89 | 0.17% | 0.88% | 3,185 BTC |
| During | 107454.90 | 108353.00 | 105725.99 | 107537.15 | 0.08% | 2.42% | 10,114 BTC |
| 6 Hours | |||||||
| Before | 107137.93 | 107550.02 | 106534.29 | 107454.89 | 0.29% | 0.94% | 5,754 BTC |
| During | 107454.90 | 108353.00 | 105725.99 | 106669.07 | -0.74% | 2.42% | 12,849 BTC |
| 8 Hours | |||||||
| Before | 106182.48 | 107550.02 | 106119.60 | 107273.69 | 1.02% | 1.33% | 6,974 BTC |
| During | 107273.69 | 108353.00 | 105725.99 | 107537.15 | 0.24% | 2.42% | 13,299 BTC |
| 12 Hours | |||||||
| Before | 106182.48 | 107550.02 | 106119.60 | 107454.89 | 1.18% | 1.33% | 10,160 BTC |
| During | 107454.90 | 108353.00 | 105321.49 | 106323.87 | -1.06% | 2.80% | 18,781 BTC |
