The Hourly View for BTC
Last Updated January 1, 2021, 20:32 GMT
At the time of this writing, BTC’s price is up $175.73 (0.6%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Daily Price Recap
Bitcoin closed the day prior up 0.29% ($82.79); this denotes the 4th day in a row an increase has occurred. The price move occurred on volume that was down 3.45% from the day prior, but up 108.36% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin.
Bitcoin Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Bitcoin’s price has gone up 10 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin:
- From theRealKiyosaki:
Happy New Year. 2021 great year for gold silver and Bitcoin. US to send out $2000 in fake $ to Americans & billions in fake $ to the world. 2021 means MMT Marxist Monetary Theory a probability. US in trouble. Great news for you who own gold silver Bitcoin. Happy New Year.
- From woonomic:
If you’re looking for an entry to HODL Bitcoin long term, don’t nickel and dime an entry. You’re not going to sweat a few thousand dollars of non-perfect entry when it’s $100k,$200k,$300k in a year.The main bull phase is here. Capital inflows has gone nuts.
- From woonomic:
#Bitcoin is the first invention of an Internet-native digital scarcity; a problem thought unsolvable until Satoshi Nakamoto solved it.The Internet can now store value. Bitcoin will be 13 years old in 2021, this is the year it breaches 2.5% of the world population.
In terms of news links for Bitcoin here’s one to try:
A number of crypto proponents have reported on the darknet marketplace, White House dropping bitcoin (BTC) payments in order to exclusively support monero (XMR)….What do you think about White House Market supporting monero only and dropping bitcoin payments?