Bitcoin (BTC) Closes Prior Hour Up 0.15%; Heads Up For the 2nd Day In A Row, in an Uptrend Over Past 90 Days

The Hourly View for BTC

Last Updated February 19, 2021, 00:016 GMT

Currently, Bitcoin’s price is up $76.77 (0.15%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved 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 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 6.04% ($2970.28) since yesterday, marking the 2nd day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 5.36% from the day prior, and up 2.51% 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 yesterday. Let’s take a look at the daily price chart of Bitcoin.

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. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From cameron:

    Next focus of #Bitcoin education efforts should be on helping @BillGates and @melindagates understand how bringing it to developing world can bank the unbanked and dramatically increase financial inclusion / wellbeing. It’s aligned with their mission, they just don’t know it yet!

  • From BrainHarrington:

    #Bitcoin is the litmus test nowIf the pastor doesn’t get it, I’m not listeningIf the CEO doesn’t get it, I’m not investingIf the politician doesn’t get it, I’m not votingIf the teacher doesn’t get it, my kids won’t go thereThe corruption ends now. This generation. Now.

  • From HukAleksandra:

    Wow! @Bitboy_Crypto has liquidated 10 #Bitcoin into $ADA on his livestream yesterday. I liquidated 1 BTC two months ago for 150k ADA. At the time some people said I’m crazy & making a bad call. It was a phenomenal call. The only regret I have is not converting more at the time.

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

Exclusive: YouTube Stars Jake Paul And Ben Phillips ‘Discussed’ Creating A Cryptocurrency As Bitcoin And Dogecoin Mania Spreads

[+] creating his own bitcoin-like cryptocurrency amid a surge in the value of meme-based crypto token dogecoin….The dogecoin price has surged higher in recent weeks, climbing alongside the bitcoin price….I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself.