Bitcoin (BTC) Down $71.89 On 4 Hour Chart, 4 Day Up Streak Snapped; Price Base in Formation Over Past 90 Days

Bitcoin 4 Hour Price Update

Updated March 22, 2020 11:19 PM GMT (07:19 PM EST)

Bitcoin closed the last 4 hour candle down 1.21% ($71.89); this denotes the 5th candle in a row a decline has happened. 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

The end of a 4 day positive run has come for Bitcoin, which finished the previous day down 0.18% ($11.01). This move happened on lower volume, as yesterday’s volume was down 56.1% from the day before — and down 12.39% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 4th for the day in terms of price change relative to the previous day. Below is a daily price chart of Bitcoin.

Bitcoin Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin’s price has gone up 15 of the previous 30 trading days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From Bitcoin:

    What doesn’t kill bitcoin only makes it stronger.

  • From danheld:

    In a few weeks, Bitcoin may be one of the last assets still trading.

  • From TheMoonCarl:

    We are witnessing the biggest stock market crash in human history.Most critics would probably have expected the #Bitcoin price to be below $1,000 by now.However, #BTC is still at approx $6,000!!!

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

1.2 Million Italians Can Now Buy Bitcoin From Their Bank – Bitcoin News

The country‚Äôs mobile bank Hype has announced a partnership with fintech startup Conio, enabling customers to buy, sell, and securely store BTC from within their banking app….How to Track, Get and Set the Best Transaction Fees with Bitcoin and Bitcoin Cash Once set up with a bitcoin or bitcoin cash wallet and some coins, using and sending them is pretty easy….1.2 Million Italians Can Now Buy Bitcoin From Their Bank Buying bitcoin just got easier for Italians.