Bitcoin 4 Hour Price Update
Updated March 19, 2020 05:34 AM GMT (12:34 AM EST)
The choppiness in the recent four-hour candle price action of Bitcoin continues; to start the current 4 hour candle, it comes in at a price of 5300.53 US dollars, down 2.08% ($112.53) since the previous 4 hours. 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 previous 4 hours.
Bitcoin Daily Price Recap
Bitcoin is up 1.41% ($75.4) since yesterday, marking the 2nd day in a row an upward move has occurred. The change in price came along side change in volume that was down 6.82% from previous day, but up 54.68% from the Wednesday of last week. 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 yesterday. The daily price chart of Bitcoin below illustrates.
Bitcoin Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 15 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin:
- From RaoulGMI:
The Dollar and Bitcoin is all I got right now. Im adding to bitcoin and Im max long dollars (vs EUR,GBP, AUD, BRL, MXN, KRW, CNY, JPY).Good luck. This is not a drill.
- From tylerwinklevoss:
S&P 500 down 3.5%, gold down 1%, silver down 2%. Bitcoin up 3.5%.
- From ErikVoorhees:
Oil down 20%. Stocks down 8%. Gold down 3%. Bitcoin… roughly flat.
As for a news story related to Bitcoin getting some buzz:
As the world goes to shit, an alternative that is completely bereft of the debt handcuffs linked to the traditional financial system waits in the brush….It is the reason governments are trying to drop money into people’s bank accounts as fast as possible at the moment.