Bitcoin (BTC) Up $88.14 in Last 4 Hours, Entered Today Up 0.51%; in a Downtrend Over Past 14 Days

Bitcoin 4 Hour Price Update

Updated September 12, 2020 07:17 PM GMT (03:17 PM EST)

Bitcoin closed the last 4 hour candle up 0.85% ($88.14); this denotes the 2nd consecutive candle an increase has occurred. On a relative basis, Bitcoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.

Bitcoin Daily Price Recap

Bitcoin closed the previous day up 0.51% ($52.82); this denotes the 3rd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 41.14% from the day before — and down 52.72% from the same day the week before. 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 previous day. Let’s take a look at the daily price chart of Bitcoin.

BTC

Bitcoin Technical Analysis

The first thing we should note is that Bitcoin is now close to its 100 day moving averages, which may act as price barrier for the asset. 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 17 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From Neloangelo314:

    Don’t fall for the popular money gurus that are just now getting into “bitcoin”. They are gatekeepers for the most part. Will talk about stocks all day long but will never mention Xrp. Two purposes, to expose more to crypto and to lead you into financial ruin by investing in

  • From oddgems:

    My casual Bitcoin price projection.Another push for Bitcoin here & I’m looking at $14.2k by the end of October, followed by a big fall due to US election results on 3rd November.Nothing changes even if the 9.6k CME gap gets filled. Not an advice & I’m happy to be wrong 🙂

  • From BitcoInsights:

    📚 A Bug Created 184 Million BTC In 2010.🖇 On August 15, 2010 a bug in the Bitcoin Blockchain created more than 184.467m #Bitcoin🗞 That is Known as “Value overflow incident” this bug concerned block 74638 of the Bitcoin Blockchain.@coinkit_ mon 50 250 BTC #BitcoInsights

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

“Bitcoin Billionaires” Author Says Facebook Is “Fundamentally More Disruptive” for Now

But Bitcoin and crypto are still developing and in their infancy, and their potential to change the world in the future is gargantuan….Bitcoin and crypto are still in their infancy, but the potential for change is enormous.