Bitcoin (BTC) Up $8.2 On 4 Hour Chart, Tops All Top Cryptos to Start the Day; But Still in a Downtrend Over Past 30 Days

Bitcoin 4 Hour Price Update

Updated September 15, 2020 11:18 PM GMT (07:18 PM EST)

The choppiness in the recent four-hour candle price action of Bitcoin continues; to start the current 4 hour candle, it came in at a price of 10793.18 US dollars, up 0.08% ($8.2) since the previous 4 hours. On a relative basis, the previous 4 hours were pretty good: Bitcoin bested all 5 of the assets in the Top Cryptos class 🙂

Bitcoin Daily Price Recap

Bitcoin entered today at $10678.31, up 3.35% ($345.95) from the day prior. The change in price came along side change in volume that was up 19.78% from previous day, but down 14.89% from the Monday of last week. On a relative basis, the day prior was pretty good: Bitcoin bested all 5 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

The first thing we should note is that Bitcoin is now close to its 20 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin’s price has gone up 9 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From theRealKiyosaki:

    What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.

  • From AnneMunition:

    Also thanks to @realBarRaider (I’m sorry for mentioning you all night but your work is appreciated!), I added a bitcoin price tracker to my Stream Deck so I can monitor the price easily.Not because I care about bitcoin IRL but because I care about bitcoin in Tarkov LMAO.

  • From scottmelker:

    The fact that governments refuse to classify #Bitcoin as money tells us one of two things.Either…1) They do not understand what money is or should be.or…2) They know exactly what money is and don’t want you to know.I would bet on the latter.Their money = control.

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

VISA reveals plans to offer Bitcoin, Ethereum and Ripple payments

Payments giant VISA made public its efforts to incorporate cryptocurrencies such as Bitcoin (BTC) into its payments network….The payment company said it has been working with regulated entities, including Coinbase and Fold, to create a bridge between digital currencies and its payment network….Visa says: Through these efforts, Visa has become the preferred network for digital currency wallets, which are eager to deepen their value to users by making it quicker and easier to spend digital currency worldwide….Another step that Visa highlighted as an important part of its expansion into crypto payments involves an investment to Anchorage.