Bitcoin (BTC) Down 4.39%

Bitcoin Price Recap

Bitcoin enters today at 9905.43 in US dollars, down 4.39% from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 1.15% from the day prior, and up 23.11% from the same day the week before. Bitcoin outperformed all 5 assets in the Top Cryptos asset class yesterday. Congrats to its holders! Let’s take a look at price chart of Bitcoin.

Bitcoin Technical Analysis

Coming into today the current price of Bitcoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Bitcoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. 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 simplify this another way, note that out of the past 14 days Bitcoin’s price has gone up 8 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin:

  • From charliebilello:

    2020 Returns…
    Tesla $TSLA: +91%
    Bitcoin: +41%
    $MSFT: +18%
    Amazon $AMZN: +16%
    $GOOGL: +13%
    Apple $AAPL: +11%
    Nasdaq 100 $QQQ: +10%
    Long-term Treasuries $TLT: +7%
    S&P 500 $SPY: +5%
    Gold $GLD: +4%
    Bonds $AGG: +2%
    Small Caps $IWM: +1%
    China $FXI: -3%
    Copper $JJC: -7%
    Oil $USO: -15%

  • From CryptoMichNL:

    First of all: A retracement is still very healthy for this market, even if $ETH goes to $240 and $BTC to $9,500.Second of all: No, we’re not going to $3,000.Third of all: We’re still early.Enjoy the day.#BITCOIN

  • From cz_binance:

    #Bitcoin does a healthy retrace, suddenly everyone in #crypto is a scammer. 😂What’s the yield YTD?

As for a news story related to Bitcoin getting some buzz:

Bitcoin Only

Meetups Books Wallets Hardware Podcasts Get Bitcoin Learning Spend Bitcoin Store Tools Network Dev Tools Conferences Videos Privacy Contact Peers Promote Requirements Getting Started:These banners help you pick the first resource(s) from a page….From here, each computer can collect the transactions from their memory pool in to a “block”, and try to add this block of transactions on to the blockchain….Whoever adds their block on to the blockchain first decides which transaction makes it.So this is where the competition starts…Each computer starts by putting their block (every block is different) through what’s called a “hash function”….It just so happened that a computer with the beer transaction in its memory was able to build a block and get a low enough hash for it before anyone else, so all nodes accept this block and add it to their file….These websites explicitly cover bitcoin only….Non-Sponsored Block Digest CryptoWords Stephan Livera Podcast TFTC Why Hold Bitcoin Sponsored Bitcoin Echo Chamber Bottom-shelf Bitcoin Lightning Hosted Start Node If I missed your shout out please get in touch and I’ll make amends.