Bitcoin (BTC) Down $16.1 Over Past 4 Hours, Entered Today Down For the 3rd Day In A Row; Crosses 50 Day Moving Average

Bitcoin 4 Hour Price Update

Updated June 20, 2020 11:18 AM GMT (07:18 AM EST)

Bitcoin is down 0.17% ($16.1) since the last 4 hour candle, marking the 2nd candle in a row a decline has happened. Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!

Bitcoin Daily Price Recap

Bitcoin is down 0.84% ($78.84) since yesterday, marking the 3rd day in a row a decline has happened. The price move occurred on volume that was up 25.03% from the day prior, but down 23.13% from the same day the week before. On a relative basis, yesterday was pretty good: Bitcoin bested all 5 of the assets in the Top Cryptos class 🙂 The daily price chart of Bitcoin below illustrates.

Bitcoin Technical Analysis

Notably, Bitcoin crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin:

  • From HedgeyeDDale:

    Just bought bitcoin for the 1st time in the ol’ PA amid this pullback. Wish me luck!Many thanks to @APompliano and his large community of thoughtful disruptors for providing me with the resources I need to better understand the risks of this trade.Collaborate. Evolve. Profit.

  • From RyanTheGentry:

    Some personal news:This was my last week at Multicoin. Greatly enjoyed the last two years on the investment side, many thanks to @KyleSamani & @TusharJain_As an engineer, however, it is TIME TO BUILD and I am excited to start working on #bitcoin and⚡ full timeDetails soon!

  • From JohnCantrell97:

    I got a lot of great feedback and questions after posting my article about brute forcing yesterdayI wanted to address a question that came up over and over again because I think a lot of people extrapolated what I did to the false conclusion that Bitcoin isn’t safe or secure /0

In terms of news links for Bitcoin here’s one to try:

Exclusive: New Author Of ‘Bitcoin And Black America’ Talks Black Economics Amid Protests

Brett: Would you please explain how is Bitcoin different than a dollar and how is a stablecoin different than Bitcoin?…Brett: So, the Bitcoin is a tech innovation that has created this ability to have digital money like in the 1800s that can allow Black communities to flourish?…People want Bitcoin….Bitcoin is the best solution….There is even going to be digital redlining with Bitcoin….Jackson: The second edition of Bitcoin and Black America is out next year.