Bitcoin 4 Hour Price Update
Updated June 12, 2020 01:37 AM GMT (09:37 PM EST)
The end of a 4 four-hour candle negative run has come for Bitcoin, which finished the last 4 hour candle up 0.09% ($8.15) .Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.Congrats to its holders! Bitcoin Daily Price Recap
The choppiness in the recent daily price action of Bitcoin continues; to start today, it came in at a price of 9268.13 US dollars, down 6.31% ($623.71) since the previous day.As for how volume fared, yesterday’s volume was up 109.35% from the previous day (Wednesday), and up 97.56% from Thursday of the week before.On a relative basis, the previous day was pretty good: Bitcoin bested all 5 of the assets in the Top Cryptos class Let’s take a look at the daily price chart of Bitcoin.Bitcoin Technical Analysis
First things first: Bitcoin crossed below its 20 day moving average yesterday.Rangebound traders may wish to note that Bitcoin is getting close to its upper bollinger band, which, when coupled with the lack of trend on a 14 day timeframe, may be an opportunity for short sellers.
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.Also of note is that on a 14 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 19 of the previous 30 trading days.Overheard on Twitter From KatieAnanina :
Things that helped me understand bitcoin?1998 – The Russian Deafult 2014 – I move to Spain for trainings for 2 months.While I’m there my national currency looses 50% of value.
Political reasons.2015 – Every debit/credit card of all my family members is being blocked.From BResisting :
Resisters, whenever you stumble onto a Bitcoin/Crypto currency account, they’re almost always populated by Magats.A red flag to remember when vetting.This account @ DevinRicardo2 declares itself Magat, and is following Resisters.Check your accts and take the onramp to I-86 From CryptoWhale :
For weeks pages have been trying to convince people to buy up here They said Golden Cross, S2FX price model, #Bitcoin Halving, Institutional investors would move it to $1M+ by the end of the year.
Either they are terrible bad at trading, or they purposely want people to lose.
In terms of news links for Bitcoin here’s one to try:
“Blockchain has potential to connect up, in a decentralized network, all kinds of data,” says Brooks….There is huge and great promise in blockchain and crypto.” Brooks, 51, talked with Forbes at length about his views on crypto currencies, regulation and technology….on the SWIFT network,” says Brooks….The Comptroller of the Currency.“I’m very bullish on technology,” says Brooks, now governing the agency that once governed his fate….At the time of this writing I do not own XRP.
My peripatetic career has seen me in prominent roles as a technology journalist, broadcaster, hedge fund portfolio manager, short seller and growth investor.
Updated June 12, 2020 01:37 AM GMT (09:37 PM EST)
The end of a 4 four-hour candle negative run has come for Bitcoin, which […] Click here to view full article Just In.
