Bitcoin 4 Hour Price Update
Updated July 19, 2020 01:35 AM GMT (09:35 PM EST)
Bitcoin entered the current 4 hour candle at $9176.83, up 0.1% ($9.06) from the previous 4 hours. 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 previous 4 hours.
Bitcoin Daily Price Recap
Bitcoin came into today up 0.22% ($20.43) from the open of the previous day, marking the 2nd day in a row it has gone up. The price move occurred on volume that was down 41.63% from the day prior, but up 0.61% from the same day the week before. On a relative basis, Bitcoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Here is a daily price chart of Bitcoin.
Bitcoin Technical Analysis
Coming into today the current price of Bitcoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Or to view things another way, note that out of the past 10 days Bitcoin’s price has gone up 5 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin:
- From oneunderscore__:
This is a doomsday scenario, and the hackers who have claimed credit for this attack and have spoken to news outlets have not mentioned it.They said it was purely for Bitcoin and account takeovers and they let it get out of hand. Not sure why we’re taking their word for it.
- From hodl_american:
Sometimes I take money that was meant for other shit and buy bitcoin with it.Then I tell myself I’ll sell it when the price goes up. But then I can’t sell it, because it’s my bitcoin now.So I just tell my wife we aren’t gonna do whatever the thing was anymore lol 😂
- From PeterSchiff:
The very nature of #Bitcoin requires owners to encourage new buyers to enter the market. Without new buyers coming in, there is no way for existing HODLers to get out. As with any pyramid scheme, success is only possible for those who get in early if lots of others get in late.
As for a news story related to Bitcoin getting some buzz:
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