Bitcoin (BTC) Price Near $34,256.41; in an Uptrend Over Past 90 Days, Moves Down For the 4th Consecutive Day
This is a reversal of the price action on the previous hour, in which price moved down.
Bitcoin
(Last Updated January 23, 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:
The Trend
As for trends on BTC, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 and 30 day timeframes. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
BTC Moving Averages
The moving averages on BTC indicate a trend that is clearly bullish.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, BTC’s price is down $-3017.24 (-8.38%) from the week prior. Moreover, note that the weekly chart shows that BTC has seen 2 straight down 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.
Bitcoin (BTC) Price Near $34,426.88; Moves Down For the 3rd Consecutive Day, in an Uptrend Over Past 90 Days
Its true value is still negative, not even 0, given the massive polluting externalities of its mining!
Bitcoin (BTC) Closes Last Hour Down $-73.97; in an Uptrend Over Past 90 Days, Heads Up For the 3rd Consecutive Day
As for how volume fared, yesterday’s volume was up 25.47% from the previous day (wednesday), and up 146.92% from thursday of the week before.
Bitcoin (BTC) Closes Last Hour Up $680.85; in an Uptrend Over Past 30 Days, Heads Up For the 3rd Consecutive Day
I’d only waste this on frivolous things like sweets & women.
Bitcoin (BTC) Closes Last Hour Up $166.64; 7 Day Up Streak Broken, in an Uptrend Over Past 14 Days, Bearish Engulfing Pattern Present
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Bitcoin (BTC) Price Near $32,771.75; Moves Up For the 6th Day In A Row, in an Uptrend Over Past 90 Days
You don’t need to sell the top and buy the bottom to generally be on the right side of that.
Bitcoin (BTC) Closes Prior Hour Up 0.12%; Moves Up For the 5th Straight Day, in an Uptrend Over Past 90 Days
The price move occurred on volume that was down 22.74% from the day prior, but up 23.95% from the same day the week before.
Bitcoin (BTC) Price Near $29,279.37; in an Uptrend Over Past 90 Days, Heads Up For the 4th Day In A Row, Pin Bar Pattern Appearing on Chart
This move is a reversal from the hour prior, which saw price move down.