Bitcoin 4 Hour Price Update
Updated March 26, 2020 05:35 AM GMT (01:35 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 6693.22 US dollars, down 0.01% ($0.99) since the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 4th 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 6694.21 US dollars, down 1.08% ($72.97) since the previous day. This move happened on lower volume, as yesterday’s volume was down 19.16% from the day before — and down 1.77% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 2nd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin.
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. Volatility for Bitcoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin’s price has gone up 8 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin:
- From RelevantPeter:
When you get your $1,200 check from the infinite money printer, don’t spend it on products or services from the giant companies that couldn’t be bothered to save a few bucks for emergency during the “best economy ever”.Buy #bitcoin instead. Fuck it, this is financial advice.
- From TheCryptoDog:
– US prints $6 tril, saves the world
– Prints $12 tril next year, $24 tril the next…
– Makes every American a millionaire within 5 years
– Every country does the same
– Everyone on earth is a millionaire
– Bitcoin is useless and goes to 0FUCK
- From Bloqport:
What will Bitcoin’s price be 1 year after the halving? Winner gets $500 in #BTC if they get it right. 🚀1) Retweet this
2) Follow @Bloqport
3) Comment ‘#Bitcoin’ and your prediction! @coinkit_ mon 150 500 $btc
In terms of news links for Bitcoin here’s one to try:
Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world….The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet’s decentralized, apolitical, free-market alternative to national central banks….The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet’s decentralized, apolitical, free-market alternative to national central banks….For anyone looking for a clear understanding of this new digital money, The Bitcoin Standard is the essential resource.