Bitcoin (BTC) Price Near $18,013.59; in an Uptrend Over Past 14 Days, Heads Up For the 4th Straight Day, Pin Bar Pattern Appearing on Chart

The Hourly View for BTC

Last Updated November 20, 2020, 03:016 GMT

At the time of this writing, BTC’s price is up $41.92 (0.23%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 is up 0.22% ($38.37) since yesterday, marking the 4th straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 40.36% from the day before — and down 20% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Bitcoin below illustrates.

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. Or to view things another way, note that out of the past 30 days Bitcoin’s price has gone up 19 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From CryptoCobain:

    Despite being very rich thanks to Bitcoin, it is the simple things in life that I love the most.The sound of birds that live in my garden. The lemons on my lemon tree ripening. The way that air tastes after the second line of post-coke ketamine on a tuesday morning.

  • From Breedlove22:

    Money is simply a tool for moving value across spacetime.Gold was great for moving value across time, but not space.Fiat currency is great for moving value across space, but not time.#Bitcoin is optimized for moving value across both space and time.H/t: @saifedean

  • From MsHodl:

    The best way to learn about Bitcoin is to use it. Buy some, even a tiny amount ($20?).. put it on a mobile wallet and send it back and forth to some friends (or your mom). It becomes less scary, and it makes you want to learn more. Then you can work towards best practices etc

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

Bitcoin: All-Time Highs in Sight, This Time Without the Hype

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