Bitcoin (BTC) Down $20.73 On 4 Hour Chart, Entered Today Down 1.11%; Nears 100 Day Moving Average

Bitcoin 4 Hour Price Update

Updated September 14, 2020 11:18 PM GMT (07:18 PM EST)

Bitcoin closed the previous 4 hours down 0.19% ($20.73); this denotes the 2nd straight candle a decrease has occurred. Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!

Bitcoin Daily Price Recap

Bitcoin’s 4 day positive streak has officially concluded, as the candle from yesterday closed down 1.11% ($115.64). The change in price came along side change in volume that was up 63.02% from previous day, but down 0.23% from the Sunday of last week. 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.

BTC

Bitcoin Technical Analysis

The first thing we should note is that the current price of Bitcoin is sitting close to its 20 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Bitcoin’s price has gone up 7 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From theRealKiyosaki:

    WORDS BECOME FLESH. Two important words: “Liquidity” & “Solvency.” Govt hand outs are “liquidity” putting $ in pockets. “Solvency” is long term income for long term survival. Millions begging for “liquidity” while America goes “insolvent.” SAD. Got gold silver Bitcoin?

  • From maxkeiser:

    @Vulgi I’ve beaten Peter in at least 5 #Bitcoin debates going back to 2011 when I begged him to buy it at $1 Trotting Peter our like the Elephant Man for a freak show is cruel to Peter You must be new around here. Do some homework before opening your mouth is generally a good idea

  • From iamZatoshi:

    I might do a 10 BitCoin Giveaway!
    YES 10 BitCoin #BSV 🎉🎉🎉If you agree then tag 5 friends you would share the winnings with (you can lie of course) Zatoshi shall consider 🕵️‍♂️

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

Bitcoin Analyst Says XRP Will Annihilate Almost Every Other Altcoin – Here’s Why | The Daily Hodl

XRP is up more than 10,000% since 2014….Has steadily held its position as top 5 coin for several years.” The crypto investor also says he understands why XRP has so many haters.