Bitcoin (BTC) Up $35.94 Over Past 4 Hours, Started Today Up 0.64%; Pin Bar Pattern Appearing on Chart

By March 12, 2020Bitcoin Business
Click here to view original web page at www.cfdtrading.com

Bitcoin 4 Hour Price Update

Updated March 12, 2020 03:17 PM GMT (10:17 AM EST)

Bitcoin is up 0.6% ($35.94) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle negative run. On a relative basis, Bitcoin was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous 4 hours.

Bitcoin Daily Price Recap

The end of a 4 day negative run has come for Bitcoin, which finished the previous day up 0.64% ($50.7). The price move occurred on volume that was down 12.78% from the day prior, but up 91.89% from the same day the week before. Bitcoin outperformed all 5 assets in the Top Cryptos asset class since the previous day. Below is a daily price chart of Bitcoin.

Bitcoin Technical Analysis

Something to pay attention to: Bitcoin may have broken its trend on the 14 day basis, as the trend’s momentum appears to be slowing down. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 ropzicle:

    hey @DonHaci how’s it going heard you sold all your bitcoin for 180$ i respect the hustle dawg

  • From AngeloBTC:

    Crazy how they had to tank the stock market to shake people out before the halving #bitcoin

  • From APompliano:

    RUMOR: The Bitcoin CEO has sent a company wide email to all employees to work from home for the rest of the year.

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

Everything you always wanted to know about bitcoin (but were afraid to ask) | The Spectator Australia

In this way, gold was co-opted and is not commonly used directly as money today. This leads us into why bitcoin was designed in the way it was…. Bitcoin is fundamentally a technology designed to resist any centralised control by a person, business, or government. Some recommended resources for learning: So why doesn’t bitcoin die?…Because many people around the world continually run the software, develop tools to interact with bitcoin, contribute code to bitcoin’s software, safeguard the network with bitcoin mining, and use it for transactions….It is an effort to create a parallel financial system where users truly have the power. Bitcoin isn’t dying, because Bitcoin is an idea whose time has come. Stephan Livera is a bitcoin writer and podcaster.

Updated March 12, 2020 03:17 PM GMT (10:17 AM EST)

Bitcoin is up 0.6% ($35.94) since the previous 4 hours, marking a reversal from […]

Leave a Reply

All Today's Crypto News In One Place