The Hourly View for BTC
Last Updated January 7, 2021, 03:016 GMT
Currently, Bitcoin’s price is up $95.03 (0.26%) from the hour prior. Bitcoin has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Daily Price Recap
Bitcoin closed the previous day up 8.26% ($2811.57); this denotes the 2nd straight day it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 24.71% from the day prior, and up 90.01% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 6th for the day in terms of price change relative to the previous day. The daily price chart of Bitcoin below illustrates.
Bitcoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Bitcoin’s price has gone up 9 them.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin:
- From CountDankulaTV:
Hey @YouTubeCreators @TeamYouTube Arch Warhammer just had his channel hacked by bitcoin scammers and as a result his channel was deleted.All of the scamming content was not Arch and he should not be punished for it. Can you look into this please and reinstate his channel?
- From SalsaTekila:
All I can think of is that bitcoin is nearing a top, which is a dangerous bias to have as a trader. I did smell tops in the past, successfully. In 2019 I ‘knew’ (thought) it was coming but started shorting 10k-12k and got rekt for more than I made. Might be time for me to chill.
- From Neloangelo314:
Let me give you the biggest reason why they are keeping Xrp last right now. The hammer is about to come down on what is allowed and what is not allowed. Privacy versus transparency. Think about all the bitcoin hacks in the last year. From Brad to Trump. Big deal. Think
As for a news story related to Bitcoin getting some buzz:
Bitcoin reached the USD 30,000 level on January 2….BTC price chart: And while the second-largest cryptoasset by market capitalization, ethereum (ETH), is also up (+7%, to USD 1,106), stellar (XLM) is back into the top 10 club as it rallied by 66% in a day, reaching USD 0.27….”If Bitcoin continues to rally at its current rate, I believe we could see a price of USD 54K around Valentine’s day.