Bitcoin (BTC) Up 4.77%; Breaks Above 100 Average

Bitcoin Price Recap

Bitcoin is up 4.77% since yesterday, marking a reversal from the day prior — and the end of a 4 day positive run. The price move occurred on stronger volume; specifically, yesterday’s volume was up 39.51% from the day prior, and up 17.11% 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. Let’s take a look at price chart of Bitcoin.

Bitcoin Technical Analysis

First things first: Bitcoin crossed above its 100 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. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. For additional context, note that price has gone up 9 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From elonmusk:

    Bitcoin is *not* my safe word

  • From trylolli:

    I’m giving $100 in bitcoin away to someone random who retweets this in the next 48 hours. Must be following me so I can DM you.Also, if you want more free money, you should download @trylolli bc you can easily earn $100 just by shopping/traveling as you normally would.

  • From BTC_Macro:

    The year is 2046.Bitcoin is trading at $1m. Price is stable and hasn’t moved in years.You’re at a bar and overhear two friends talk: “I once almost bought a full $BTC in the early days below $10k.”You smirk, secretly pay for their tab, and drive home to your gated mansion.

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

Suit Alleging Tether and Bitfinex Manipulated Bitcoin Market Has Been Revised – CoinDesk

See the new filing below: See the voluntary dismissal document below: The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies….Sign up for our newsletter By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.