Bitcoin (BTC) Price Near $17,652.42; in an Uptrend Over Past 30 Days, Heads Up For the 2nd Day In A Row

The Hourly View for BTC

Last Updated November 18, 2020, 03:016 GMT

Currently, BTC’s price is down $-42.29 (-0.24%) from the hour prior. The hourly chart shows that BTC has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Bitcoin Daily Price Recap

Bitcoin is up 5.74% ($960.08) since yesterday, marking the 2nd day in a row it has gone up. As for how volume fared, yesterday’s volume was up 56.4% from the previous day (Monday), and up 204.08% from Tuesday of the week before. Bitcoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. Congrats to its holders! Here is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Bitcoin’s price has gone up 19 them.

Overheard on Twitter

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

  • From APompliano:

    Important message as we enter the next Bitcoin bull market:- BTC is very volatile
    – You can lose all of your money
    – Only invest what is ok to lose
    – Twitter is not investment advice
    – Don’t buy BTC with credit cards
    – Keep low time preference
    – Do your own research🙏🏽🙏🏽

  • From CryptoCred:

    “Anon-kun, Bitcoin is up so much! You must have made so much money!”“Haha I mean yeah, sort of. I was spot long for a bit and hedged a bit early, left some bids in.”“I don’t understand. The line goes straight up for 7 weeks in a row.”“Yeah, uh, it’s complicated. The RSI..”

  • From APompliano:

    @RayDalio @Dr_Mario_MD Ray — I have explained Bitcoin and convinced many of your hedge fund peers to buy it, while also getting US public pension systems to invest in the asset.Would love the opportunity to explain it to you and answer any questions you have. DM me if interested.

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

Issue #869: Bitcoin in the Senate

I cannot wait to see the discourse that ensues once Cynthia begins educating her colleagues about Bitcoin….[…] I want to make sure everybody understands that this is a great store of value.” pic.twitter.com/rSnUT8UUmd Senator Elect Cynthia Lummis was on Fox News this morning to discuss her priorities when she joins her colleagues in the Senate early next year.