The Hourly View for BCH
Last Updated July 23, 2021, 23:16 GMT
At the time of this writing, Bitcoin Cash’s price is up $1.52 (0.34%) from the hour prior. Bitcoin Cash has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 200 hour changed directions on BCH; it is now pointing up. 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
Bitcoin Cash closed the previous day up 2.75% ($11.85); this denotes the 2nd consecutive day it has gone up. The price move occurred on volume that was up 117.66% from the day prior, but down 22.68% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. 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 KawasanSadai:
#Cryptomania 05. Grayscale’s @Bitcoin Trust, Bitcoin Cash Trust, @Ethereum Trust, and Ethereum Classic vehicles, as well as Osprey Funds’ #Bitcoin Trust are currently the only cryptocurrencies available for investment via @jpmorgan #sadaiINDUSTRIALpark
- From BitcoinCashCom2:
The wonderful thing about Bitcoin Cash is that I don’t have to deal with banks asking why or who I am sending my own money to. I like to send $5 to Hamas to buy one of these terrorists a hamburger, what you gonna do about it? If you piss me off, I will buy them milkshakes too.
- From zndtoshi:
@PrestonPysh @FossGregfoss @DavidBCollum that would create a hard fork (like what happened with Bitcoin Cash) you would get the same amount of coins on the second network and you can wait out to see what everyone trades for. Eventually one network will come up on top again.
As for a news story related to Bitcoin Cash getting some buzz:
Bitcoin Cash works and I know that……Bitcoin Cash works in real life and is helping a lot of people achieve their dreams….Thanks🙏 I an glad that you liked it, i hope to inspire many to work hard to fulfill their dreams using BCH You certainly do….Hopefully me too, I can able to build a house using bch….Just believe and you can do anything using BCH Yes thank you so much BCH really works if we are also willing to work for it just like what you did sir….I hope it will really help people to get inspired and see that BCH works without a doubt Congratulations!