The Hourly View for BTC
Last Updated November 15, 2020, 02:036 GMT
At the time of this writing, BTC’s price is up $12.45 (0.08%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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’s 3 day positive streak has officially concluded, as the candle from the previous day closed down 1.57% ($256.9). The price move occurred on volume that was down 34.81% from the day prior, but up 16.57% 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 the previous day. Here is a daily price chart of Bitcoin.
Bitcoin Technical Analysis
The clearest trend exists on the 14 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.