The Hourly View for BTC
Last Updated November 21, 2020, 02:036 GMT
Currently, BTC’s price is up $114.88 (0.61%) from the hour prior. BTC 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 20 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 is up 4.76% ($848.14) since the previous day, marking the 5th consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 9.31% from the day prior, and up 35.37% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 6th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin.
Bitcoin Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 19 out of the past 30 days.