Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 7th December, 2021 has come in at an increase to -$66B for October 2021. Compared to the previous release for September 2021 at -$74.7B, we can see that foreign trade has decreased but at a slower rate month over month.
To see the impact and volatility of BTC's price during the Balance of Trade 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 7,276 BTC with prices swinging between 50,611.04 and 51,542.00, representing a swing of 1.81%. Subsequently, the trading volume increased by 11% to 8,086 BTC. Price action ranged from a low of 50,811.11 to a high of 51,936.33, a difference of 2.17%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 294 BTC in trading volume was observed prior to the data release. Prices ranged between a low of 50,820.00 to a high of 51,080.00, a 0.51% change. Immediately following, trading volume increased by 48% to 435 BTC. At this time, Bitcoin hit a low of 50,811.11 with a high of 51,052.27, a change of 0.47%.
About International Trade Balance in Goods and Services
The balance of trade (BOT) measures economic transactions between a nation and its trading partners, showing the difference between the value of a country's imports and exports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move in and out of the country. Economists use this information to gauge the relative strength of a country's economy. When exports are higher than imports, it tends to boost GDP. In the opposite scenario, it creates a trade deficit.
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
50,734.46Close
50,663.9024h Change
-70.56 (-0.14%)24h High
51,936.3324h Low
50,039.7424h Volume
36,786 BTCUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
7th December, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 50850.01 | 50895.05 | 50850.01 | 50858.01 | 0.02% | 0.09% | 14 BTC |
| During | 50858.01 | 50858.02 | 50820.00 | 50827.94 | -0.06% | 0.07% | 14 BTC |
| 5 Minutes | |||||||
| Before | 50860.01 | 50915.00 | 50820.00 | 50858.01 | 0.00% | 0.19% | 87 BTC |
| During | 50858.01 | 50940.01 | 50811.11 | 50867.44 | 0.02% | 0.25% | 156 BTC |
| 10 Minutes | |||||||
| Before | 50926.46 | 50999.67 | 50820.00 | 50858.01 | -0.13% | 0.35% | 196 BTC |
| During | 50858.01 | 50959.34 | 50811.11 | 50930.09 | 0.14% | 0.29% | 301 BTC |
| 15 Minutes | |||||||
| Before | 51018.36 | 51080.00 | 50820.00 | 50858.01 | -0.32% | 0.51% | 294 BTC |
| During | 50858.01 | 51052.27 | 50811.11 | 50982.34 | 0.24% | 0.47% | 435 BTC |
| 30 Minutes | |||||||
| Before | 50911.41 | 51080.00 | 50820.00 | 50858.01 | -0.10% | 0.51% | 792 BTC |
| During | 50858.01 | 51052.27 | 50811.11 | 50912.54 | 0.11% | 0.47% | 746 BTC |
| 1 Hour | |||||||
| Before | 50967.42 | 51080.00 | 50611.04 | 50858.01 | -0.22% | 0.92% | 2,364 BTC |
| During | 50858.01 | 51052.27 | 50811.11 | 50930.31 | 0.14% | 0.47% | 1,287 BTC |
| 2 Hours | |||||||
| Before | 51379.48 | 51542.00 | 50611.04 | 50858.01 | -1.03% | 1.81% | 4,495 BTC |
| During | 50858.01 | 51719.49 | 50811.11 | 51419.68 | 1.09% | 1.76% | 3,835 BTC |
| 4 Hours | |||||||
| Before | 51329.03 | 51542.00 | 50611.04 | 50858.01 | -0.93% | 1.81% | 7,276 BTC |
| During | 50858.01 | 51936.33 | 50811.11 | 51032.29 | 0.34% | 2.17% | 8,086 BTC |
| 6 Hours | |||||||
| Before | 50980.43 | 51542.00 | 50611.04 | 50858.01 | -0.24% | 1.81% | 10,386 BTC |
| During | 50858.01 | 51936.33 | 50666.00 | 51063.29 | 0.40% | 2.45% | 10,619 BTC |
| 8 Hours | |||||||
| Before | 50734.46 | 51485.00 | 50337.01 | 51329.03 | 1.16% | 2.23% | 10,843 BTC |
| During | 51329.03 | 51936.33 | 50611.04 | 51032.29 | -0.58% | 2.55% | 15,362 BTC |
| 12 Hours | |||||||
| Before | 50734.46 | 51542.00 | 50337.01 | 50858.01 | 0.24% | 2.34% | 18,119 BTC |
| During | 50858.01 | 51936.33 | 50039.74 | 50663.90 | -0.38% | 3.65% | 18,667 BTC |
