(Last Updated March 16, 2021)
Hello! This is the news page for Bitcoin. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On BTC, there is currently an uptrend on the 90, 30 and 14 day timeframes.
The moving averages on BTC indicate a trend that is clearly bullish.
The chart below illustrates.
At the moment, BTC’s price is down $-5514.78 (-9.01%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. As for the trend on the weekly timeframe, we see the clearest trend on the 10 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.
He was such an expert we brought him into our morning meeting to explain it to us (we still didn’t get it).
Crypto (bitcoin/ethereum): all-time highs 4.
A full node validates transactions and blocks if they meet certain requirements (i.e., follow the rules)….
Relative to other instruments in the top cryptos asset class, bitcoin ranked 4th since the previous day in terms of percentage price change.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
As for how volume fared, yesterday’s volume was up 5.76% from the previous day (wednesday), and up 13.81% from thursday of the week before.
Xrp holders got a setback this week even as ripple and the us securities and exchange commission (sec) battle out an alleged securities case….
Or to view things another way, note that out of the past 30 days bitcoin’s price has gone up 16 them.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
The price move occurred on volume that was up 16.01% from the day prior, but down 6.98% from the same day the week before.