(Last Updated October 22, 2020)
Hello! This is the news page for Bitcoin. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
If we observe the 30 and 14 day timeframes, we see an uptrend in place for BTC.
The moving averages on BTC indicate a trend that is clearly bullish.
Below is a chart showing BTC’s price with its moving averages.
Currently, BTC’s price is up $1445.46 (12.72%) from the week prior. Moreover, note that this is the 3rd week in a row BTC has seen its price head up. 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 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. The weekly chart below shows BTC’s price action over the past year.
This move happened on lower volume, as yesterday’s volume was down 12.04% from the day before — and down 7.64% from the same day the week before.
You also do not “own” the stock you buy on robinhood.
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The change in price came along side change in volume that was down 32.25% from previous day, but up 24.71% from the wednesday of last week.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Value is always subjective, in the eyes of the valuer.
While nydig isn’t sharing its total assets under management the firm now custodies more than $1 billion, it says, and the number of its clients has quadrupled over the past ten months….
As for how volume fared, yesterday’s volume was up 136.76% from the previous day (sunday), and up 86.97% from monday of the week before.
As for how volume fared, yesterday’s volume was up 136.76% from the previous day (sunday), and up 86.97% from monday of the week before.
This is a reversal of the price action on the previous hour, in which price moved up.