Bitcoin Cash (BCH) 3 Day Down Streak Ended

Bitcoin Cash Price Recap

Bitcoin Cash is down 1.08% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. This move happened on lower volume, as yesterday’s volume was down 21.94% from the day before — and down 37.28% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the day in terms of day-over-day price change. Let’s take a look at price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

The first thing we should note is that Bitcoin Cash is now close to its 200 day averages, located at 273.06 respectively, and thus may be at a key juncture along those timeframes. Volatility for Bitcoin Cash has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From IamNomad:

    Does anyone know what happened with the roger ver bitcoin cash v. Btc bet he tried to get going on bitcointalk? I don’t remember the details other then he was throwing his wallet around and make astronomical claims…then he woke a sleeping giant with 10k+ btc and signed tx

  • From GeukensMathieu:

    @BitcoinMagazine Great to see some of the innovation on Bitcoin Cash covered. Cash Fusion is groundbreaking privacy tech, really exciting stuff!There’s some great talent building on BCH!

  • From btcfork:

    @BullOfBitcoin Bitcoin Cash is for all, no matter what car, shape or taste in music.$BCH has Schnorr signatures (thinner, therefore more fuel efficient) and lots more vrooom under the hood.Enjoy.