The hourly view for BTC
Last updated November 2, 2020 at 01:036 UTC
Currently, the price of BTC is down – $ 27.87 (-0.2%) from the previous hour. This is a reversal of the price action on the previous hour, during which the price rose. As for the trend on the hourly calendar, we see the clearest trend over the 100 hour period. Moving averages over the hourly period suggest that the price is falling, as the 20, 50, 100, and 200 are all in a bearish alignment – meaning that shorter duration moving averages are lower than longer duration averages, this which implies a stable downward trend.
Daily Bitcoin Price Summary
The end of a positive 3-day race has come for Bitcoin, which ended the day before down 0.3% ($ 41.69). This move occurred on a lower volume, as yesterday’s volume was down 52.22% from the day before – and 22.27% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin finished 5th for the day in terms of price variation compared to the previous day. Here is a chart of the daily Bitcoin prices.
Bitcoin technical analysis
Trend traders will want to observe that the the strongest trend appears on day 30 horizon; during this period the price increased. Or to look at it another way, note that over the last 30 days the price of Bitcoin has increased by 22. And for candlestick traders, a treat: there is a pin bar pattern that appears. also on the graphics. Rejoice!
Heard on Twitter
See! Here are the main Bitcoin-related tweets:
- Of danheld:
How not to be optimistic about Bitcoin right now? – 2nd highest monthly closing
– Square and MicroStrategy’s corporate treasures buy Bitcoin
– Decoupling of actions
– Robust trading and brokerage infra to buy Bitcoin
– The quantity and quality of the content is 10x
- Of dmlayt:
Normally, I don’t do Bitcoin price predictions, but I released some numbers this morning and I’m completely blown away Dec 12, 2021
1 BTC = 1 BTC November 27, 2025
1 BTC = 1 BTC Feb 3, 2035
1 BTC = 1 BTCDec 26, 2047
1 BTC = 1 BTC January 19, 2105
1 BTC = 1 BTC February 24, 2139
1 BTC = 1 BTC
- Of ShardiB2:
Notice how sales in $ BTC are purchased. After such a big move, you’d think we’d see a theft inconvenience. Nope. Watch how low the volume is. NO ONE SELLS A SIZE. Who would sell here for a few hundred dollars and miss a 6k race? BTC HODL time is here # Bitcoin
In terms of news links for Bitcoin, here’s one to try:
Bitcoin is back in trading near three-year highs – WSJ
Square Inc., which allows users to buy bitcoin on its Cash app, bought $ 50 million worth of digital currency in October to use as a hedging instrument in its corporate treasury … Since the bubble of 2017 burst, the bitcoin industry tried to set up an infrastructure for professional investors, creating everything from exchange-traded funds to options markets and custodial services… “Then you had the powerful catalyst: the response to the pandemic and concerns about inflation. ” BitWise, which offers crypto index funds to financial advisers, hedge funds and family offices, saw its assets under management jump to $ 100 million on Wednesday from around $ 70 million in June, Hougan said. The company said on Wednesday that its assets under management rose to $ 7.6 billion.