Bitcoin (BTC) Up 3.16%, Breaks Above 20 Day Average; in an Uptrend Over Past 90 Days

Bitcoin Price Recap

Bitcoin enters today at 9977.39 in US dollars, up 3.16% from the day prior. The price move occurred on volume that was up 93.02% from the day prior, but down 16.2% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 4th for the day in terms of day-over-day price change. Let’s take a look at price chart of Bitcoin.

Bitcoin Technical Analysis

First things first: Bitcoin crossed above its 20 day moving average yesterday. 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 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days Bitcoin’s price has gone up 18 them.

Overheard on Twitter

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

  • From eugenegu:

    @realDonaldTrump Even low level Elon Musk impersonating bitcoin scams are able to significantly disrupt conversations and manipulate interactions such as likes and retweets. Imagine what a country like Russia can do to these same conversations more elaborately. It can even influence journalists.

  • From CaitlinLong_:

    A longtime mentor was once a #bitcoin skeptic. Today he said: “#Bitcoin is the greatest thing to ever spring from the mind of man & I love that lots of smart people are spending their time & dedicating their talents to building applications that sit on top of the BTC protocol.”🙏

  • From blockfolio:

    🏦 Banks call bitcoin a “bad idea”🚖 Taxis called Uber a “bad idea”🏨 Hotels called Airbnb a “bad idea”🎵 Labels called streaming a “bad idea”📰 Papers called internet a “bad idea”📻 Radio stations called TV a “bad idea”It’s simple, they’re afraid.

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

Samsung Galaxy S20 will support Bitcoin, Ethereum and TRON (TRX)

Samsung wrote at the time that other cheaper models would follow, which would also be provided with a wallet to store cryptocurrencies easily and securely….In addition to the Samsung devices, there are also smartphones that rely entirely on blockchain technology….About usContact usLegalsData protection policy *= Affiliate-Link Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act.