Bitcoin (BTC) Closes Last Hour Down $-206.24; But Still in an Uptrend Over Past 30 Days, Pin Bar Pattern Appearing on Chart, 4 Day Up Streak Ended

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BTC

The Hourly View for BTC Last Updated January 11, 2021, 09:016 GMT At the moment, Bitcoin’s price is down $-206.24 (-0.58%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Bitcoin Daily Price Recap…

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