Bitcoin Price Recap
The choppiness in the recent daily price action of Bitcoin continues; to start today, it comes in at a price of 8181.49 US dollars, up 1.96% since yesterday. This move happened on lower volume, as yesterday’s volume was down 43.13% from the day before — and down 20.63% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 4th yesterday in terms of percentage price change. The price chart of Bitcoin below illustrates.
Bitcoin Technical Analysis
The first thing we should note is that Bitcoin is now close to its 100 day moving averages, which may act as price barrier for the asset. Volatility for Bitcoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 30 days Bitcoin’s price has gone up 16 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin:
- From Rhythmtrader:
- From JWilliamsFstmed:
For most bitcoin holders, this is their first halving.
- From BrookeRStoddard:
This Is Why I Invest in BitcoinPart 1 – Introduction1) In college I studied history, and I am interested in the evolution of money. When I was introduced to bitcoin in 2015, I viewed it as the next logical version of money.
For a longer news piece related to BTC that’s been generating discussion, check out:
Working……- https://youtu.be/tN6b62sEpsYSecure, tiered storage system – https://youtu.be/uYIVuZgN95MHardware wallets and attack surface – https://youtu.be/8mpDcBfNA7gSetting up secure storage devices – https://youtu.be/wZ9LxLLvfXcWhat is a private key?