Bitcoin Cash (BCH) Closes Prior Hour Up 0.28%; in a Downtrend Over Past 90 Days

The Hourly View for BCH

Last Updated July 16, 2021, 20:16 GMT

At the time of this writing, Bitcoin Cash’s price is up $1.25 (0.28%) from the hour prior. Bitcoin Cash has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash Daily Price Recap

The back and forth price flow continues for Bitcoin Cash, which started today off at 455.7 US dollars, down 2.47% ($11.54) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 143.35% from the day prior, and up 154.25% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the day in terms of price change relative to yesterday. Here is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Bitcoin Cash’s price has gone up 15 of the previous 30 trading days.

Overheard on Twitter

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

  • From PrestonPysh:

    @jokoono To put this on the record. We hire artists to do sketches – I don’t even know if they are bitcoiner. My team is having this fixed. Unlike you, I didn’t see this when my team published it. They are fixing it. Our show is a Bitcoin only show. Bitcoin cash is obviously a scam.

  • From PrestonPysh:

    @vizdahero @jackmallers To put this on the record. We hire artists to do sketches – I don’t even know if they are bitcoiner. My team is having this fixed. Unlike you, I didn’t see this when my team published it. They are fixing it. Our show is a Bitcoin only show. Bitcoin cash is obviously a scam.

  • From MuffConnoisseur:

    Respectfully,I am NOT interested in cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, or any other for that matter. I am here for President Trump.