Bitcoin (BTC) Up $47.33 in Last 4 Hours, Entered Today Down 2.41%; Breaks Below 100 Day Average

Bitcoin 4 Hour Price Update

Updated September 09, 2020 03:18 PM GMT (11:18 AM EST)

Bitcoin is up 0.46% ($47.33) since the last 4 hour candle, marking the 3rd candle in a row an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 4th since the last 4 hour candle in terms of percentage price change.

Bitcoin Daily Price Recap

Bitcoin entered today at $10128.54, down 2.41% ($250.54) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 31.04% from the day prior, and up 2.96% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 2nd for the day in terms of price change relative to yesterday. Below is a daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

Notably, Bitcoin crossed below its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin for the past day were:

  • From RaoulGMI:

    I just want to be clear, with regards to being irresponsibly long bitcoin:I don’t use leverage
    I fully expect to have to deal with a 50% drawdown and, Im ok with it.
    I look at my allocation versus liquid assets and not my house etc
    I am lucky have an income stream, which is key

  • From PeterSchiff:

    It should’ve been obvious that I was trolling with my poll. Those of you who fell for my publicity stunt should’ve used your time to sell your #Bitcoin and buy #gold. If you guys still need investment advice my 7-year-old son is free and my 4-year-old daughter has some ideas too.

  • From CryptoDonAlt:

    If you’re a holder, hold.
    No need to bother with trying to emulate the fancy trades other people do.
    You’re not here for that.If you’re a trader, trade.
    No need to listen to endless arguments why Bitcoin (or why it’s not) going to transform the world.
    It won’t help you one bit.

As for a news story related to Bitcoin getting some buzz:

French Food Delivery App Rolls Out Bitcoin Payments for Its 26 Million Customers – The BTC Times

Nick Chong Sep 7, 2020 Early Bitcoin investor and venture capitalist Tim Draper shocked his followers when he tweeted about Bitcoin Cash.