Bitcoin (BTC) Price Near $47,299.66; in an Uptrend Over Past 30 Days, Breaks Below 20 Day Average, Bearish Engulfing Pattern Present

4 mins read
BTC

The Hourly View for BTC Last Updated February 26, 2021, 02:046 GMT Currently, BTC’s price is up $829.12 (1.78%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound…

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