Bitcoin (BTC) Down $36.97 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart

By June 25, 2020Bitcoin Business
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Bitcoin 4 Hour Price Update

Updated June 26, 2020 01:35 AM GMT (09:35 PM EST)

Bitcoin entered the current 4 hour candle at $9246.67, down 0.4% ($36.97) from the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the last 4 hour candle in terms of percentage price change.

Bitcoin Daily Price Recap

Bitcoin is down 0.56% ($51.62) since the previous day, marking the 3rd day in a row it has gone down. The price move occurred on volume that was down 5.66% from the day prior, but up 84.27% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Bitcoin.

Bitcoin Technical Analysis

Coming into today Bitcoin is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin’s price has gone down 7 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin:

  • From maxkeiser:

    Countries with very little Gold, like or no Gold at all like ; who also have no plans to enter #Bitcoin Global Hash War, face a potentially fatal existential financial crisis. and are ‘First Movers’ and stand to reap trillions. Those who were last, are now first…

  • From MariaDinzeo:

    New: Former lobbyist Jack Abramoff charged in crypto-currency fraud case over a bitcoin startup called AML BitCoin, touted as secure and “theft resistant.” He was also indicted for failing to register as a lobbyist. Abramoff has already agreed to plead guilty. @CourthouseNews

  • From maxkeiser:

    Example of someone who’s *not* a #Bitcoin influencer: John McAfeeHe came to BTC late (was already past $2,000) And after initial, splashy outrageousness – proceeded to wipe out Bitcoiners globally with his extremely dodgy ‘coin of the day’ scam #KingOfScammers

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

Said Pierre Rochard, Kraken Lead Bitcoin Strategist: “Thanks to BTCPay, businesses have total freedom to conveniently access a secure digital cash system called Bitcoin….If so, Kraken may be interested in supporting your work.

Updated June 26, 2020 01:35 AM GMT (09:35 PM EST)

Bitcoin entered the current 4 hour candle at $9246.67, down 0.4% ($36.97) from the […]

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