Bitcoin (BTC) Closes Prior Hour Down -0.79%; in an Uptrend Over Past 90 Days, Moves Up For the 2nd Consecutive Day

The Hourly View for BTC

Last Updated January 15, 2021, 03:016 GMT

At the moment, Bitcoin’s price is down $-308.07 (-0.79%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin Daily Price Recap

Bitcoin is up 4.75% ($1774.73) since the day prior, marking the 2nd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 9.49% from the day before — and down 39.09% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the day prior in terms of percentage price change. Here is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Bitcoin’s price has gone up 21 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin:

  • From MoistCr1TiKaL:

    I remember reading a reddit post in like 2014 encouraging users to buy bitcoin. Still shaking my fists in the air cursing the day I didn’t listen to the redditors

  • From SalsaTekila:

    In a bitcoin bull run, winners will flex on social media. They get traction, are looked up to, an inspiration to many. The losers, they don’t flex. This can lead you into a feeling of entitlement, and taking stupid bets trying to emulate winners. That’s one way to dig a grave.

  • From PeterMcCormack:

    The daily routine of a hardened Hodler:
    – Get up
    – Check #bitcoin price
    – Dunk on @PeterSchiff
    – Do push-ups
    – Check #bitcoin price
    – Dunk on @PeterSchiff
    – Eat tasty Ribeye
    – Check #bitcoin price
    – Dunk on @PeterSchiff
    – Laugh at Tottenham
    – Go to bed

In terms of news links for Bitcoin here’s one to try:

Exclusive: Large bitcoin payments to right-wing activists a month before Capitol riot linked to foreign account

A historic first: the Confederate battle flag inside the U.S. Capitol….But the Confederate battle flag was flown by rioters in the U.S. Capitol building for the first time ever on Jan….The flag’s prominence in the Capitol riot comes as no surprise to those who, like me, know its history: Since its debut during the Civil War, the Confederate battle flag has been flown regularly by white insurrectionists and reactionaries fighting against rising tides of newly won Black political power….Throughout the 1950s and 1960s, white Southerners flew the Confederate battle flag at riots – including violent ones – to oppose racial integration, especially in schools….Historian William Doyle called the riot – which featured the Confederate battle flag at its center – an “American insurrection.” Charleston, Charlottesville and the Capitol More recently, the Black Lives Matter era has seen an increase in violent incidents involving the Confederate battle flag….A man carries the Confederate battle flag in the U.S. Capitol on Jan.