Bitcoin 4 Hour Price Update
Updated June 07, 2020 01:35 AM GMT (09:35 PM EST)
The back and forth price flow continues for Bitcoin, which started the current 4 hour candle off at 9661.72 US dollars, down 0% ($0.37) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.
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 9671.46 US dollars, up 0.51% ($49.44) since the day prior. This move happened on lower volume, as yesterday’s volume was down 45.58% from the day before — and down 5.9% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 3rd for the day in terms of price change relative to the day prior. Here is a daily price chart of Bitcoin.
Bitcoin Technical Analysis
The first thing we should note is that Bitcoin is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin:
- From JWilliamsFstmed:
Facts Matter – Grayscale’s Bitcoin Trust bought 18,910 bitcoins since the halving. Only 12,337 bitcoins have been mined since the halving.1 buyer taking all the new supply. Ask yourself who the sucker in the room is.Hint (it isn’t Grayscale). #Bitcoin
- From OhYouBlockhead:
you reinstall your bitcoin wallet.sync starts in 2013. you watch the years pass, tracking the time you were with her. your balance was practically 0 but you had never been happier. she left near the bottom. your account grew, but you didn’t. update complete.
it’s all there. - From BitcoinTina:
For almost everyone if they had just bought as much #bitcoin as they could as soon as they learned about it and held it and never traded it they would own more #bitcoin today than they do now.Many coming into #bitcoin in this coming main stream bull market will do exactly that
In terms of news links for Bitcoin here’s one to try:
Coinbase wants to identify Bitcoin users for DEA, IRS – Decrypt
Coinbase also stressed that Coinbase Analytics data “does not include any personally identifiable information for anyone, regardless of whether or not they use Coinbase.” The company also said that it uses the product internally for compliance and global investigations….In an email response, the DEA told Decrypt that it will not comment further beyond what is in the public record.
Read more:Bitcoin (BTC) Down $0.37 On 4 Hour Chart; Started Today Up 0.51% – CFDTrading
