Bitcoin (BTC) Up $69.61 Over Past 4 Hours, Moves Up For the 2nd Consecutive Day; Breaks Above 100 Day Average

Bitcoin 4 Hour Price Update

Updated September 11, 2020 03:19 PM GMT (11:19 AM EST)

Bitcoin is up 0.68% ($69.61) since the last 4 hour candle, marking the 3rd straight candle an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 4th since the last 4 hour candle in terms of percentage price change.

Bitcoin Daily Price Recap

Bitcoin is up 1.14% ($116.83) since the previous day, marking the 2nd consecutive day it has gone up. The change in price came along side change in volume that was up 30.39% from previous day, but down 49.47% from the Thursday of last week. Those trading within the Top Cryptos asset class should know that Bitcoin was the worst performer in the class during the previous day. Here is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

First things first: Bitcoin crossed above its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down 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 sqcrypto:

    If you’re tired of grant tweets and patent trolls, we’ve got great news. Today Square is announcing the formation of the Cryptocurrency Open Patent Alliance (COPA). As you know, from Square Crypto to Cash App, Square is in the fight to keep bitcoin and crypto free and open.

  • From benmezrich:

    Excited to announce that Bitcoin Billionaires is now an international phenomenon, out or coming out in 15 countries, on top of the US and U.K., including: Brazil, China, Taiwan, Holland, Germany, Japan, Korea, Romania, Spain, Vietnam, Hungary, Poland, and the Ukraine!

  • From sparky347v:

    So I received a call today informing me that my Chinese passport has expired and if I don’t settle up with Bitcoin they’re going to deport me. I’ve never been to China.I might just let this one play out…

For a longer news piece related to BTC that’s been generating discussion, check out:

Underdog Story: Why XRP Could Soon Outperform Bitcoin And Ethereum | NewsBTC

However, that underperformance could turn into an underdog story, where Ripple roars past Bitcoin and Ethereum and beats the rest of the crypto space….With all of these technicals pointing to an XRP breakout against both Bitcoin and Ethereum, and past evidence showing that Ripple was the first to pump, a major rally in crypto could soon be here.