(Last Updated April 15, 2021)
Welcome to the news page for Bitcoin (BTC). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for BTC.
Across several time periods between 20 and 200 days, the trend on BTC has remained consistently bullish.
The chart below illustrates.
Currently, BTC’s price is up $3179.47 (5.32%) from the week prior. Moreover, note that the weekly chart shows that BTC has seen 3 straight up weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. BTC’s weekly price action over the past 52 weeks can be seen via the chart below.
The change in price came along side change in volume that was up 13.13% from previous day, but down 6.3% from the tuesday of last week.
On twitter, the shapeshift founder announced the integration and displayed a screenshot of native (unwrapped) ethereum being traded with native (unwrapped) bitcoin….
This is a reversal of the price action on the previous hour, in which price moved down.
I have a lot of friends who’ve made huge profits in it.
This move is a reversal from the hour prior, which saw price move down.
The change in price came along side change in volume that was down 47.23% from previous day, but up 47.19% from the thursday of last week.
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Or to view things another way, note that out of the past 14 days bitcoin’s price has gone up 9 them.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 85.94% from the day prior, and up 4.7% from the same day the week before.
Bitcoin outperformed all 7 assets in the top cryptos asset class since the previous day.