Bitcoin (BTC) Fares the Worst Out of Top Cryptos, Down 0.49%; Pin Bar Pattern Appearing on Chart

By February 4, 2020 Bitcoin Business
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Bitcoin Price Recap

Bitcoin is down 0.49% since yesterday, marking day in a row it has gone down. The price move occurred on volume that was up 38.61% from the day prior, but down 5.19% from the same day the week before. On a relative basis, Bitcoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class. Let’s take a look at price chart of Bitcoin.

Bitcoin Technical Analysis

Notably, Bitcoin is now close to its 20 and 200 day averages, located at 8913.42 and 8882.9 respectively, and thus may be at a key juncture along those timeframes. Volatility for Bitcoin has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days Bitcoin’s price has gone up 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin for the past day were:

  • From BTC_Macro:

    Traditional markets will crash.Crypto will pump.Bitcoin will reach $100k.It’s inevitable.

  • From themooncarl:

    HUGE NEWS: 1.2 TRILLION yuan will be PRINTED by The People’s Bank Of China and pushed into the economy! This is the LARGEST SINGLE-DAY injection since 2004!They blame the #CoronavirusI blame the central banking systemI choose #Bitcoin

  • From JacobCanfield:

    My 7 Steps to getting rich
    1.) Get a job
    2.) Make enough to cover base living expenses
    3.) Learn to save 10% of income
    4.) Pay off all debt
    5.) Save 6 months of expenses
    6.) Invest in yourself to learn new skills to make more money
    7.) Invest in stocks, real estate and #bitcoin

For a longer news piece related to BTC that’s been generating discussion, check out:

Maxthon announces world’s first Bitcoin SV (BSV) powered Internet & Blockchain browser – CoinGeek

Home » Press Releases » Maxthon announces world’s first Bitcoin SV (BSV) powered Internet & Blockchain browser Press Releases 3 hours ago San Francisco, USA – Maxthon, the global Internet browser company, announces it is building the world’s first Bitcoin-powered browser for the Bitcoin SV (BSV) blockchain….Among other features, the new Maxthon 6 browser will: Maxthon’s founder and CEO Jeff Chen explains: “We want the Maxthon browser to be the online application platform and user’s window to the exciting world of Bitcoin SV combined with the Internet….We believe their Maxthon 6 browser will advance a future Internet that truly rewards users for their data, creates monetary value from user online activity, and incentivizes higher web content – all only possible on BSV.” About Maxthon Founded in 2005, Maxthon is a global software company that develops state-of-the-art web browsers that give users a seamless browsing experience across multiple platforms.

Bitcoin is down 0.49% since yesterday, marking day in a row it has gone down. The price move occurred on volume that was up 38.61% from […]

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