Bitcoin

(Last Updated November 26, 2020)

Welcome to the news page for Bitcoin (BTC). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for BTC.

BTC Moving Averages

Across several time periods between 20 and 200 days, the trend on BTC has remained consistently bullish.

The chart below illustrates.

The View From the Weekly Timeframe

At the time of this writing, BTC’s price is up $21.7 (0.12%) from the week prior. BTC has seen its price go up 8 out of the past 10 weeks, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 5 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on BTC. Given that we see an uptrend on the 20, 10 and 5 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. BTC’s weekly price action over the past 52 weeks can be seen via the chart below.