Bitcoin (BTC) Down $14.42 Over Past 4 Hours, Entered Today Up 1.49%; in an Uptrend Over Past 90 Days

By June 4, 2020Bitcoin Business
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Bitcoin 4 Hour Price Update

Updated June 04, 2020 07:20 AM GMT (03:20 AM EST)

The end of a 3 four-hour candle positive run has come for Bitcoin, which finished the previous 4 hours down 0.15% ($14.42). On a relative basis, the previous 4 hours were pretty good: Bitcoin bested all 5 of the assets in the Top Cryptos class

Bitcoin Daily Price Recap

9666.06 (USD) was the opening price of the day for Bitcoin, resulting in the previous day being one in which price moved up 1.49% ($142.31) from the previous day. This move happened on lower volume, as yesterday’s volume was down 61.19% from the day before — and down 17.29% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Bitcoin.

Bitcoin Technical Analysis

Coming into today Bitcoin is now close to its 20 day averages, located at 9401.12 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Bitcoin’s price has gone up 8 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin:

  • From matt_odell:

    Bitcoin won’t solve existing inequality magically but it gives you the guarantee of a ‘fair’ money system. One that isn’t easily corrupted by those with power. All participants are on equal footing.You don’t win a rigged game by playing it. You win by playing a different game.

  • From jamesob:

    Happy to report that I’ll be joining the team at @AvantiBT to help start a bank in Wyoming. This is in line with my own main goal: deepen and fortify Bitcoin markets. Avanti has a good shot at doing that thanks to some new WY legislation and an awesome team.

  • From nebraskangooner:

    Last night I had a dream that #bitcoin dumped straight to $2957 but I didn’t buy any because I was waiting for LTC to dip too. LTC only dipped to $32 so none of my bids filled. I went to buy Bitcoin instead and it was already back to $4500 and LTC was back to $45 in minutes

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

Bitcoin Core connects to several peers (other Bitcoin nodes) on the Bitcoin network….(Mapping IP addresses into Network Operators’ Groups remains the default configuration for now, however.) Reject Messages (BIP61) are notifications that a node returns when a transaction it received from a peer is rejected, and why….BIP61 Reject Messages had therefore already been disabled by default in Bitcoin Core 0.18.0. Bitcoin 0.20.0 has now removed the feature completely….Bitcoin Core 0.20.0 has now completely removed the Payment Protocol.

Updated June 04, 2020 07:20 AM GMT (03:20 AM EST)

The end of a 3 four-hour candle positive run has come for Bitcoin, which […]

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