Bitcoin (BTC) Up $60.75 On 4 Hour Chart, Entered Today Up 2.11%; Pin Bar Pattern Appearing on Chart

Bitcoin 4 Hour Price Update

Updated April 03, 2020 07:17 PM GMT (03:17 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 6786.47 US dollars, up 0.9% ($60.75) since the previous 4 hours. Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.

Bitcoin Daily Price Recap

Bitcoin closed yesterday up 2.11% ($140.79); this denotes the 4th day in a row an increase has occurred. As for how volume fared, yesterday’s volume was up 68.44% from the previous day (Wednesday), and up 110.29% from Thursday of the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Bitcoin.

Bitcoin Technical Analysis

Volatility for Bitcoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Bitcoin’s price has gone up 6 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From Bitcoin:

    \U0001f996 = Fiat money
    ☄️ = Bitcoin

  • From IamBitmannn:

    #Bitcoin Massive Giveaway! Giving away $150 in $BTC to 3 people ($50 each) who:1) Follow @IamBitmannn

    2) Like and RetweetWinners will be announced in 72 hours!\U0001f9731000 followers celebration just like promised\U0001f973 Good luck!$BTC $ETH #ETH #Crypto

  • From Bitcoin:

    Bitcoin is a necessity, because money is a necessity, and fiat currencies are broken.

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

Bitcoin Briefly Tops $7K as Traders Say Worst of 2020 Sell-off May Have Passed – CoinDesk

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.