Bitcoin (BTC) Down $4.14 On 4 Hour Chart, Started Today Down 1.11%; is Inching Close to 100 Day Average

Bitcoin 4 Hour Price Update

Updated September 14, 2020 01:35 AM GMT (09:35 PM EST)

The back and forth price flow continues for Bitcoin, which started the current 4 hour candle off at 10313.45 US dollars, down 0.04% ($4.14) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 4th since the last 4 hour candle in terms of percentage price change.

Bitcoin Daily Price Recap

Bitcoin’s 4 day positive streak has officially concluded, as the candle from the previous day closed down 1.11% ($115.64). The change in price came along side change in volume that was up 63.02% from previous day, but down 0.23% from the Sunday of last week. Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the previous day. Congrats to its holders! Below is a daily price chart of Bitcoin.

Bitcoin Technical Analysis

The first thing we should note is that Bitcoin is now close to its 20 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Bitcoin’s price has gone up 17 them.

Overheard on Twitter

Behold! Here are the top tweets related to 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 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.

• From XrpSpark:
  

  Let’s be realistic. An entire world running on bitcoin would require 3x the current energy usage of the entire planet and be 16x as expensive as fiat to settle. Thankfully, there’s XRP. The One Global Base Currency. At $10,000 USD/XRP it would cost 10 cents to sent $1,000,000 USD

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

Bitcoin Analyst Says XRP Will Annihilate Almost Every Other Altcoin – Here’s Why | The Daily Hodl

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.