Bitcoin (BTC) Closes Last Hour Up $35.55; Heads Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days

The Hourly View for BTC

Last Updated July 21, 2021, 03:016 GMT

At the moment, Bitcoin’s price is up $35.55 (0.12%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Bitcoin has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Daily Price Recap

Bitcoin came into today down 3.41% ($1052) from the open of yesterday, marking the 2nd day in a row a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 9.55% from the day prior, and up 54.3% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 3rd for the day in terms of price change relative to yesterday. Below is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin’s price has gone down 6 of the previous 10 trading days.