Bitcoin 4 Hour Price Update
Updated May 23, 2020 07:17 PM GMT (03:17 PM EST)
Bitcoin entered the current 4 hour candle at $9192.39, down 0.14% ($13.04) from the previous 4 hours. Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Bitcoin Daily Price Recap
The back and forth price flow continues for Bitcoin, which started today off at 9170.74 US dollars, up 1.23% ($111.63) from yesterday. This move happened on lower volume, as yesterday’s volume was down 49.23% from the day before — and down 49.28% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin was the worst performer in the class during yesterday. Here is a daily price chart of Bitcoin.
Bitcoin Technical Analysis
The first thing we should note is that Bitcoin is now close to its 20 day averages, located at 9308.42 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 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 7 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin:
- From BTC_JackSparrow:
If we want $BTC to go up all we need to do is grab our phones for one hour a day and have Google and Apple listen to us pretending having talks about BitcoinI’m sure we are degenerate enough to do so
- From arobertwebb:
I’ve come to accept that as a Radiohead fan, I was always going to be a disappointment. Everything from Kid A onwards makes me feel gauche and stupid. Like seeing an ex-boyfriend who has stopped washing his hair and now talks only about bitcoin in Spanish.
- From AwakeningWarri3:
@jack I understand many of you will say “it’s bitcoin pizza day dude”, which it absolutely is. But that doesn’t negate my point. Nor does it negate the truth that we need to put humanity’s awareness of true evil on steroids right now. That should be clear, to all of us.
For a longer news piece related to BTC that’s been generating discussion, check out:
Ten years ago today, a developer named Laszlo Hanyecz did it with bitcoin….The day is now known as “Bitcoin Pizza Day.” With one bitcoin now worth $9,500, this is apparently a joke and Hanyecz’s $45 million pizzas are the punchline….Hanyecz’s solid-gold pizzas show us that if CoinDesk paid me in bitcoin, one of us would likely get rekt.