Bitcoin (BTC) Closes Prior Hour Up 0.52%; Heads Up For the 2nd Straight Day

The Hourly View for BTC

Last Updated September 15, 2021, 15:16 GMT

At the moment, Bitcoin’s price is up $247.83 (0.52%) from the hour prior. The hourly chart shows that Bitcoin has seen 3 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin Daily Price Recap

Bitcoin closed the previous day up 2.89% ($1149.62); this denotes the 2nd straight day it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 78.76% from the day prior, and up 87.43% 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 the previous day. Below is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

Notably, the current price of Bitcoin is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Or to view things another way, note that out of the past 10 days Bitcoin’s price has gone up 5 them.

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 CryptoWhale:

    Moon boys think that #Bitcoin will see a mega pump to $100K-$500K by the end of 2021.These crazy predictions are entirely based off wishful thinking, and will not age well. $BTC will likely tank far below $10,000 next year as the bear market continues. Be Patient.

  • From MartiniGuyYT:

    People ask me all the time “How do i do what you do?”My answer: Commit 100%, that means no social life, quit your job, sell everything you have for #Bitcoin and just start doing your best to make moneyI believe everyone is capable but most people never commit

  • From hodlonaut:

    What sets Bitcoin apart is that it has reached true decentralization escape velocity.It was allowed to travel in obscurity, for years.Toxic maximalists defended it for the last mile, as it irreversibly escaped the gravitational influence of the centralized fiat world.

For a longer news piece related to BTC that’s been generating discussion, check out:

MicroStrategy Whale Bitcoin Accumulation – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Michael Saylor announced today over Twitter that MicroStrategy has purchased an additional 5,050 bitcoin for $242.9 million in cash at an average price of $48,099 per bitcoin, putting the company’s total holdings at 114,042 bitcoin….Source: TradingView  Bitcoin supply held by whales is trending up in the month of September – up 67,195 bitcoin totaling 6.13 million.