Bitcoin (BTC) Closes Last Hour Down $-118.44; in an Uptrend Over Past 90 Days, Heads Up For the 2nd Straight Day

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The Hourly View for BTC Last Updated January 7, 2021, 12:16 GMT At the time of this writing, Bitcoin’s price is down $-118.44 (-0.31%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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…

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