Bitcoin (BTC) Down $14.89 Over Past 4 Hours, Entered Today Up 14.26%; Price Base in Formation Over Past 90 Days

Bitcoin 4 Hour Price Update

Updated March 20, 2020 05:34 AM GMT (01:34 AM EST)

Bitcoin came into the current 4 hour candle down 0.24% ($14.89) from the open of the previous 4 hours, marking the 2nd candle in a row a decrease has occurred. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 2nd since the previous 4 hours in terms of percentage price change.

Bitcoin Daily Price Recap

Bitcoin is up 14.26% ($771.82) since yesterday, marking the 3rd day in a row an upward move has occurred. The change in price came along side change in volume that was up 50.69% from previous day, but down 50.91% from the Thursday 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. Here is a daily price chart of Bitcoin.

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. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Bitcoin’s price has gone up 6 them.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From danheld:

    Today:Bitcoin +12%
    Gold +0%
    S&P +0% Is Bitcoin a safe haven now? 🙃

  • From APompliano:

    The only thing that will stop the current market bleeding is a MASSIVE devaluation of the US dollar.Bitcoin is widely accepted as a hedge against currency devaluation.You do the math.

  • From Bitcoin:

    Gold was the physical standard for money.Bitcoin is the digital standard for money.

As for a news story related to Bitcoin getting some buzz:

Bitcoin Rally Leaves Stocks In The Dust

I am a financial writer and consultant with strong knowledge of asset markets and investing concepts….I have worked for financial institutions including State Street, I am a financial writer and consultant with strong knowledge of asset markets and investing concepts.