Bitcoin (BTC) Down $50.91 in Last 4 Hours, Entered Today Up 1.12%; Breaks Above 20 Day Average

Bitcoin 4 Hour Price Update

Updated September 23, 2020 11:19 PM GMT (07:19 PM EST)

Bitcoin came into the current 4 hour candle down 0.49% ($50.91) from the open of the last 4 hour candle, marking the 3rd consecutive candle it has gone down. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Bitcoin Daily Price Recap

10534.73 (USD) was the opening price of the day for Bitcoin, resulting in the day prior being one in which price moved up 1.12% ($116.59) from the day prior. This move happened on lower volume, as yesterday’s volume was down 36.41% from the day before — and down 18.46% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 4th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

Notably, Bitcoin crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 14 days Bitcoin’s price has gone up 9 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin:

  • From Davincij15:

    There is only 0.0027 #BTC for the current 7 billion people.
    If you HODL 0.28 BTC, and #bitcoin is the world reserve currency you will be the top 1%.
    Thus HODLing 1 #BTC means you may have 400x more than the average person. (worst case)

  • From michael_saylor:

    There is no truth to the stories currently circulating that speculate “he would not hesitate to dump MicroStrategy’s 38,250 Bitcoin (BTC) at a moment’s notice if an alternative asset’s yields were to jump.” This is creative journalism.

  • From michael_saylor:

    @BitcoinTina The headline is a misrepresentation of what I said. I merely indicated that #Bitcoin is to be preferred as a treasury asset because it is so liquid. I never suggested an intent to trade it for other assets on short notice.

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

tBTC, the Safe Way To Use Bitcoin in DeFi, Is Live on tbtc.network | by Keep Network | Sep, 2020 | Keep Network

Launched with unprecedented security measures in place and ready to be used at tbtc.network, tBTC is fully audited and open-source….tBTC is tested and audited tBTC has been tested rigorously and has undergone an unprecedented three audits….A graduated supply cap rc.1 features a hard cap on the TBTC supply, starting at 100 BTC in the first week….The supply cap will then increase to 100 TBTC for the remainder of the first week, then go up to 250 TBTC a week later….Then, finally, a week the supply cap will be lifted to 21M TBTC (just like BTC)….tBTC, which lets people safely earn with their Bitcoin, is the first app built atop the Keep Network.