Bitcoin (BTC) Down $28.54 On 4 Hour Chart, Entered Today Up 0.51%; in an Uptrend Over Past 90 Days

Bitcoin 4 Hour Price Update

Updated June 07, 2020 07:19 AM GMT (03:19 AM EST)

Bitcoin is down 0.29% ($28.54) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Bitcoin Daily Price Recap

9671.46 (USD) was the opening price of the day for Bitcoin, resulting in the day prior being one in which price moved up 0.51% ($49.44) from the day prior. This move happened on lower volume, as yesterday’s volume was down 45.58% from the day before — and down 5.9% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Bitcoin below illustrates.

Bitcoin Technical Analysis

The first thing we should note is that the current price of Bitcoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Or to view things another way, note that out of the past 10 days Bitcoin’s price has gone up 6 them.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From JWilliamsFstmed:

    Facts Matter – Grayscale’s Bitcoin Trust bought 18,910 bitcoins since the halving. Only 12,337 bitcoins have been mined since the halving.1 buyer taking all the new supply. Ask yourself who the sucker in the room is.Hint (it isn’t Grayscale). #Bitcoin

  • From OhYouBlockhead:

    you reinstall your bitcoin wallet.sync starts in 2013. you watch the years pass, tracking the time you were with her. your balance was practically 0 but you had never been happier. she left near the bottom. your account grew, but you didn’t. update complete.
    it’s all there.

  • From JWilliamsFstmed:

    People don’t realize how important it is to have a wingman / woman in this money / #bitcoin game. Pomp is my wingman. I recommend you find one if you don’t have one.
    It helps when things get rough. Tips to try and avoid getting rekt. @APompliano

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

Coinbase wants to identify Bitcoin users for DEA, IRS – Decrypt

Coinbase also stressed that Coinbase Analytics data “does not include any personally identifiable information for anyone, regardless of whether or not they use Coinbase.” The company also said that it uses the product internally for compliance and global investigations….In an email response, the DEA told Decrypt that it will not comment further beyond what is in the public record.