Bitcoin

(Last Updated January 18, 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

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

BTC Moving Averages

BTC’s moving averages suggest the trend on a number of time horizons is bullish.

Below is a chart showing BTC’s price with its moving averages.

The View From the Weekly Timeframe

At the time of this writing, BTC’s price is down $-185.75 (-0.52%) from the week prior. Moreover, note that this is the 2nd consecutive week BTC has seen its price head down. Regarding the trend, note that the strongest trend exists on the 10 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 and 10 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 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.