Bitcoin (BTC) Price Near $58,977.35; Heads Up For the 2nd Straight Day

The Hourly View for BTC

Last Updated April 1, 2021, 00:016 GMT

At the time of this writing, Bitcoin’s price is up $183.55 (0.31%) from the hour prior. The hourly chart shows that Bitcoin has seen 2 straight up hours. Regarding the trend, note that the strongest trend 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 2.01% ($1155.44) since yesterday, marking the 2nd straight day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 30.01% from the day before — and down 15.55% from the same day the week before. Bitcoin outperformed all 7 assets in the Top Cryptos asset class since yesterday. The daily price chart of Bitcoin below illustrates.

BTC

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. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 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 APompliano:

    Everyone is going to freak out because BlackRock had $360,000 in the CME bitcoin futures markets earlier this year, but I’m freaking out because BlackRock has more than $8 trillion in AUM and they couldn’t even have the conviction to invest $1 million?!?

  • From charliebilello:

    1. Stocks: all-time high
    2. Home prices: all-time high
    3. Crypto (Bitcoin/Ethereum): all-time highs
    4. Inflation expectations: highest since 2008
    5. Fed: we need 0% rates through at least the end of 2023 & trillions more in bond buying to boost asset prices & increase inflation.

  • From cyounessi1:

    Five Easy Steps to becoming a Bitcoin maxi1. Skip the Ethereum ICO (1 BTC invested then worth ~$4 million today
    2. Buy in at $15, but sell at $8 after the DAO hack
    3. Short at $85 in Dec 2018
    4. Short again at $120 in March 2020
    5. Join your friends on Clubhouse in March 2021

In terms of news links for Bitcoin here’s one to try:

US Court Rejects SEC’s Attempt to Block XRP Holders’ Motion to Intervene in Ripple Lawsuit – Regulation Bitcoin News

Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple….The Monday court order, signed by Judge Torres, is in favor of XRP holders, stating: The proposed intervenors’ request for leave to file a Motion to Intervene is granted.