Bitcoin (BTC) Closes Prior Hour Down -0.05%; in a Downtrend Over Past 14 Days, Moves Up For the 2nd Day In A Row

The Hourly View for BTC

Last Updated July 19, 2021, 06:016 GMT

At the moment, Bitcoin’s price is down $-17.28 (-0.05%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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 up 0.82% ($259.66) from the open of the day prior, marking the 2nd day in a row an upward move has occurred. The price move occurred on volume that was down 9.6% from the day prior, but up 49.37% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin’s price has gone up 5 of the previous 10 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 ProTheDoge:

    Crypto proves time and again that it rewards those with patience. If you literally bought Bitcoin, Ethereum or Dogecoin any year before 2021 and held on you would be up right now. How many people bought in 2020 & sold in 2020 and didn’t see any major gains? Few understand this 🤷🏼‍♂️

  • From ErinEMalone:

    1. 10 weeks ago, I joined the @lightning network barely knowing how to open a channel. Last week I became a profitable lightning network routing node. Here’s a thread on the ultimate strategy game for LN node operators from one #Bitcoin pleb to another.
    👇👇👇

  • From CryptoMichNL:

    #Bitcoin at $30,000-36,000 is still a great area of interest if you want to start investing in #Bitcoin.Majority is waiting at $20,000 or even closing their bags at -50% since ATH, hoping that they’ll be able to buy lower.

For a longer news piece related to BTC that’s been generating discussion, check out:

Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025 – Markets and Prices Bitcoin News

by
Kevin Helms
A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025….The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year….As for what the price of bitcoin will be at the end of the year, the majority of panelists (61%) said bitcoin is currently undervalued and on average the panel expected the price of the cryptocurrency at the end of 2021 to reach $66,284 per coin….What do you think the price of bitcoin will be in 2025 and when do you think hyperbitcoinization will happen?