Bitcoin 4 Hour Price Update
Updated September 13, 2020 11:17 PM GMT (07:17 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 10313.45 US dollars, down 0.04% ($4.14) since the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Bitcoin Daily Price Recap
Bitcoin is up 0.48% ($49.5) since the previous day, marking the 4th straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 30.86% from the day before — and down 70.06% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin was the worst performer in the class during the previous day. Below is a daily price chart of Bitcoin.
Bitcoin Technical Analysis
Coming into today the current price of Bitcoin is sitting close to its 20 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin’s price has gone up 17 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin:
- From TheCryptoLark:
During the next year or so a low risk #bitcoin and #crypto “blue chip” heavy portfolio could do a 10X, a mid cap heavy portfolio could do 50x, and a portfolio weighted towards low caps can do 100x +. If you play your cards right you will make life changing returns.
- From MagnusVollen:
I will shill Ethereum all the way to $10k. Not because it is a ponzi waiting for you to join, but to keep you away from all the scams out there.
Don’t go for the “get rich quick”. But buy $eth, agree?🥂________
@cctip_io airdrop 0.0111111111 ETH 9999 $eth #bitcoin #ethereum
- From MsHodl:
I’m always surprised how many in the Bitcoin space seem to not be for a free market. In a free market, the best rises to the top. I’m betting big on #BitcoinI don’t need to cancel all it’s “competition” for it to do that.. I just have to let the free market do it’s thing.
For a longer news piece related to BTC that’s been generating discussion, check out:
XRP is up more than 10,000% since 2014….Has steadily held its position as top 5 coin for several years.” The crypto investor also says he understands why XRP has so many haters.