Bitcoin 4 Hour Price Update

Updated August 18, 2020 01:35 AM GMT (09:35 PM EST)

Bitcoin entered the current 4 hour candle at $12345.36, up 0.02% ($2.71) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the previous 4 hours in terms of percentage price change.

Bitcoin Daily Price Recap

Bitcoin closed the previous day up 3.22% ($383.22); this denotes the 3rd consecutive day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 161.65% from the day prior, and up 2.15% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin ended up ranking 3rd for the day in terms of price change relative to the previous day. The daily price chart of Bitcoin below illustrates.

Bitcoin Technical Analysis

Volatility for Bitcoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 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 9 them.

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 theRealKiyosaki:
  

  WHY I buy gold, silver, Bitcoin? Three words: No Counterparty Risk. Stocks, Bonds, Business, Real Estate all have Counterparty Risk. Gold, Silver, Bitcoin are money. They do not depend on people to be money. I own Gold, Silver Bitcoin in case I need to run from human insanity.

• From PaulTudorJone:
  

  My bet on #bitcoin as a safe haven against the deteriorating dollar is doing incredibly well. My only regret is not buying more. I believe this rise in price we’re seeing is far from over. In fact, it’s just getting started!

• From RaoulGMI:
  

  #Bitcoin is currently the superior trade and should remain so for a while. I like both but Im personally adding to BTC and not to gold and have a much larger weighting. I also like Ethereum, which could continue to outperform $BTC for a while still.

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

Former Prudential Financial CEO George Ball Says Now Time to Buy Bitcoin | News Bitcoin News

Year-End Gold and Bitcoin Price Predictions from Regular Everyday People Just recently, news.Bitcoin.com talked to a number of individuals and asked them to let us know what they think the price of bitcoin and gold will be by the year’s end….As the U.S. dollar falls sharply and gold’s price soars, institutional investors are moving their money into alternative investments, including bitcoin….The contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price …

The post Bitcoin (BTC) Up $2.71 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days appeared first on CFDTrading.