The Hourly View for BTC
Last Updated January 14, 2021, 03:016 GMT
At the moment, Bitcoin’s price is down $-120.53 (-0.32%) from the hour prior. The hourly chart shows that Bitcoin has seen 3 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 4 day negative streak has officially concluded, as the candle from the day prior closed up 9.76% ($3322.45). This move happened on lower volume, as yesterday’s volume was down 20.02% from the day before — and down 15.56% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the day prior in terms of percentage price change. Below is a 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 another vantage point, consider that Bitcoin’s price has gone up 9 of the previous 14 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin for the past day were:
- From KFCBarstool:
Anybody who knows Stefan Thomas, the dude with 2 attempts left on his Bitcoin account, please put me in contact with him. The greatest Electric Chair content EVER if we stream him trying to access his account live.It’s probably horrendous heartbreak, but 1% chance of ELATION
- From CryptoNewsYes:
🍊💊 “#Bitcoin is in the opposite of a bubble. The biggest bubble in the world, by far, is the bond bubble. It took 300 years for the bonds in the UK to get this extended & into a bubble, and it took over 240 years for the U.S. debt market to get into this bubble.”-@MaxKeiser
- From alexandravbotez:
@MRKR @JamesSurowiecki Your point that “bitcoin began as a cryptocurrency. It has ended as a crypto asset” doesn’t take into account that it takes time for successful technology to reach it’s long term vision. Volatility in the first 10 years doesn’t prove it won’t eventually stabilize.
As for a news story related to Bitcoin getting some buzz:
Thomas was given 7,002 Bitcoin in 2011 for his work on a video that introduced the currency to many people….According to the Bitcoin wiki, between February and April 2011, the digital currency was worth $1 USD. Thomas writes down a password to the small hard drive, the IronKey, that contains the private keys to the digital wallet and life goes on….As the story goes, Thomas soon lost the password, of which you get 10 guesses before the account locks up and encrypts into oblivion….Why can’t Thomas just call Bitcoin and get his password sent in the mail?