Bitcoin 4 Hour Price Update
Updated June 06, 2020 07:19 AM GMT (03:19 AM EST)
The choppiness in the recent four-hour candle price action of Bitcoin continues; to start the current 4 hour candle, it came in at a price of 9622.54 US dollars, down 0.06% ($5.96) since the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 4th since the previous 4 hours in terms of percentage price change.
Bitcoin Daily Price Recap
The choppiness in the recent daily price action of Bitcoin continues; to start today, it came in at a price of 9622.02 US dollars, down 1.76% ($172.53) since the previous day. The price move occurred on volume that was down 2.91% from the day prior, but up 6.98% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin was the worst performer in the class during the previous day. The daily price chart of Bitcoin below illustrates.
Bitcoin Technical Analysis
Notably, the current price of Bitcoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin:
- From theRealKiyosaki:
US STOCK MARKET booming. Q: Good or bad? A: It Depends. If you love stocks and bonds jump in as prices rise. Yet be careful CDC warns Corona will return & European C B warns of QE Infinity. Gold drops in price, so I bought more. I love gold, silver & Bitcoin more as prices drop.
- From APompliano:
The stock market is going up because the game is rigged.They’re systematically devaluing the dollar, which means it takes more dollars to buy the same asset.Denominate the same stocks in gold or Bitcoin and the stock price looks atrocious.Wall Street is robbing Main Street.
- From SecretsOfCrypto:
This’ll be my 3rd #bitcoin bubble. I’ve seen it all. Most of the bagholders I know from pre-2017 are multi-millionaires. Most of the traders I know sold too early and regret they didn’t make a life changing amount of wealth. I believe the cycle will repeat itself. #cryptocurrency
As for a news story related to Bitcoin getting some buzz:
So how do major fiat currencies compare to Bitcoin?…In those ten years BTC price has appreciated over 320 million percent….Even more impressively, anyone who had kept hold of a silver dollar from 1792, would today find themselves in possession of an artefact worth around a million dollars.