Bitcoin Cash (BCH) Closes Prior Hour Up 0.1%; 2 Day Down Streak Snapped, Breaks Above 200 Day Average

The Hourly View for BCH

Last Updated October 19, 2020, 11:15 GMT

At the moment, BCH’s price is up $0.24 (0.1%) from the hour prior. BCH has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. 1 The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin Cash Daily Price Recap

249.53 (USD) was the opening price of the day for Bitcoin Cash, resulting in the previous day being one in which price moved up 1.76% ($4.32) from the previous day. This move happened on lower volume, as yesterday’s volume was down 32.03% from the day before — and down 26.15% 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 the previous day. Here is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above its 200 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.