Bitcoin (BTC) Up 4.95%, Makes Big Move Relative to Two Week Trend; Breaks Above 20 Day Average
Out of the 5 instruments in the top cryptos asset class, bitcoin ended up ranking 3rd for the day in terms of day-over-day price change.
Bitcoin
(Last Updated April 15, 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, 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
Currently, BTC’s price is up $3179.47 (5.32%) from the week prior. Moreover, note that the weekly chart shows that BTC has seen 3 straight up 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) Fares the Worst Out of Top Cryptos, Down 2.25%; Crosses 20 Day Moving Average
After 10 years of watching the #bitcoin bubble inflate, at $10,000 per coin he thinks now’s the time to urge his listeners to buy.
Bitcoin (BTC) Tops All Top Cryptos, Up 0.2%; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 9 out of the past 14 days.
Bitcoin (BTC) Down 4.39%
Volatility for bitcoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Bitcoin (BTC) Up 1.24%; in an Uptrend Over Past 14 Days
In the year after the two previous halvings, in november 2012 and july 2016, bitcoin rose around by 80 times and four times respectively….
Bitcoin (BTC) Underperforms All Top Cryptos; 5 Day Up Streak Broken
Today, approximately 18 million bitcoins exist and new bitcoins are supplied at a rate of ~3.6% annually….
Bitcoin (BTC) 4 Day Up Streak Snapped
Those trading within the top cryptos asset class should know that bitcoin was the worst performer in the class.
Bitcoin (BTC) 3 Day Up Streak Ended
The price move occurred on stronger volume; specifically, yesterday’s volume was up 22% from the day prior, and up 102.29% from the same day the week before.
Yes, Transaction Volume Impacts Bitcoin’s Price
We observed the correlation with Bitcoin’s price and the transaction volume of the preceding 1 – 7 days, and found day 4 had the strongest correlation — suggesting that previous transaction count may have some predictive power in terms of Bitcoin’s price.
Bitcoin (BTC) Down 2.95%
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.