Bitcoin 4 Hour Price Update
Updated June 30, 2020 11:19 PM GMT (07:19 PM 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 9156.49 US dollars, up 0.19% ($17.4) since the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the last 4 hour candle in terms of percentage price change.
Bitcoin Daily Price Recap
Bitcoin came into today up 0.73% ($66.68) from the open of the day prior, marking the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was up 57.82% from previous day, but down 28% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Bitcoin.
Bitcoin Technical Analysis
Notably, Bitcoin is now close to its 20 and 50 day averages, located at 9375.27 and 9408.59 respectively, and thus may be at a key juncture along those timeframes. 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. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For another vantage point, consider that Bitcoin’s price has gone down 9 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin:
- From binance:
We’re giving away $2,500 of #Bitcoin to winners in 1⃣2⃣ hours time!🔥 2 will win $1,000 in #BTC each!💰 5 that retweet will get $100 in BTC each!To enter to win $1,000:
🔸 Use credit or debit card to buy $100+ equivalent in crypto
🔸 Comment your transaction ID
- From JWilliamsFstmed:
Holding money should be all the investment you need. Good Money should be a store of value. You’ve already traded your most valuable asset (time) for it. The money game forces you to put money at risk to try and keep up with inflation.Hodl good money. HODL #Bitcoin
- From TheTrueAMG:
I’m going to send $500 to one person in 24 hours who retweets this and follows @davidgokhshtein & myself. He’s the man to follow to learn about #Bitcoin and other #cryptocurrencies
For a longer news piece related to BTC that’s been generating discussion, check out:
Adam said we all are Satoshi, and Bitcoin is a better-decentralized cryptocurrency without the presence of its founder….CTO David Schwartz said rather than thinking he’s the lone man Satoshi, it is more reasonable to say that he was part of the team that built Bitcoin, however, he only found out about Bitcoin around 2011….The cryptocurrency world is still waiting for the identity behind the name “Satoshi Nakamoto” who is arguably behind the discovery of Bitcoin in 2008 during the global financial crisis….Our authors have investments in cryptocurrencies….Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.