Bitcoin 4 Hour Price Update
Updated July 01, 2020 11:19 PM GMT (07:19 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 9253.36 US dollars, up 0.07% ($6.73) since the last 4 hour candle. Those trading within the Top Cryptos asset class should know that Bitcoin was the worst performer in the class during the last 4 hour candle.
Bitcoin Daily Price Recap
9136.47 (USD) was the opening price of the day for Bitcoin, resulting in the day prior being one in which price moved down 0.55% ($50.6) from the day prior. This move happened on lower volume, as yesterday’s volume was down 24.62% from the day before — and down 27.79% from the same day the week before. Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! Below is a daily price chart of Bitcoin.
Bitcoin Technical Analysis
Coming into today Bitcoin is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For additional context, note that price has gone down 10 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin:
- From JeffBooth:
10) You might: 1) Listen and elect leaders who tell you they will give you free money (without asking where that money comes from) or 2) Rise up against the “winners” and burn the game to the ground (revolutions) or 3) Play a new game where you had a chance (Bitcoin/Gold)
- From AltcoinDailyio:
It’s official! We are halfway thru 2020 and boy what a crazy 6 months it’s been!!Let’s see how the world is trending YTD:S&P down 5% 📉Gold up 18% 📈#Bitcoin up 27% 📈📈Share this. Like this. The #stonks party is ending. The year of #HardAssets is 2020 & beyond. 🚀
- From LukeTheNotable:
Yooo my favorite Fortnite channel is giving away free V-Bucks, all I have to do is…-drop a like
-turn on post notis
-invest in bitcoin
-ride a unicycle
-drop another like
-do your taxes
-use code “ghostninja”
-enter moms credit card
As for a news story related to Bitcoin getting some buzz:
The first cycle #1 was launched by an automatic snapshot on 01/01/2019 (January 1, 2019) and ended on 04/01/2019 (April 1, 2019)….The fifth cycle #5 was launched by an automatic snapshot on 01/08/2020 (January 8, 2020) and ended on 04/01/2020 (April 1, 2020)….Strong hands bitcoin rhodium no fork for hodl fintech rhodium.