Bitcoin 4 Hour Price Update
Updated July 02, 2020 11:19 PM GMT (07:19 PM EST)
Bitcoin came into the current 4 hour candle up 0.56% ($50.47) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the previous 4 hours in terms of percentage price change.
Bitcoin Daily Price Recap
The choppiness in the recent daily price action of Bitcoin continues; to start today, it came in at a price of 9238.89 US dollars, up 1.12% ($102.42) since the day prior. The change in price came along side change in volume that was up 28.48% from previous day, but down 40.46% from the Wednesday of last week. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 3rd 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.
Bitcoin Technical Analysis
Notably, Bitcoin is now close to its 20 and 50 day averages, located at 9336.04 and 9428.3 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 90 day horizon; over that time period, price has been moving up. 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 10 days Bitcoin’s price has gone down 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin:
- From barrystantonGBP:
sick of peopel yappin on about this virual bitcoin malarkey. more like bitCON if u ask me. wat if wifi playin up?? money down drain jus like that. not a risk am willin 2 take. if cant use it in local. then no use to me. only thing ill ever invest in is the GREAT BRITISH POUND 🇬🇧
- From PeterSchiff:
Since hitting its high in June of last year the price of #Bitcoin has fallen by 33%. During that same time period the price of #gold has risen by 27%. So, priced in gold Bitcoin has fallen by 53%. The long-term trend has clearly changed in gold’s favor. HODLers remain delusional.
- From TheTrueAMG:
I’m going to send $100 to one person in 60 minutes who retweets this and follows @MrMvst & myself. If you want to learn how to make money from #Bitcoin this is the guy to learn from.
As for a news story related to Bitcoin getting some buzz:
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