The Hourly View for BCH
Last Updated January 5, 2021, 03:016 GMT
Currently, Bitcoin Cash’s price is up $2.76 (0.68%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Cash Daily Price Recap
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 405.97 US dollars, down 4.25% ($18.03) since the day prior. This move happened on lower volume, as yesterday’s volume was down 5.35% from the day before — and down 42.75% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during the day prior. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
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 10 days Bitcoin Cash’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From ElectrumSV:
Remember to split your Bitcoin Cash from your Bitcoin SV if you have older coins that you do not know are split. We have a user at the moment who sent BCH transactions that ended up in the BSV mempool as non-final transactions. They’re scrambling to replace them ATM. — rt12
- From lite_hause:
PayPal is a payment’s company.Litecoin is a better coin for payments compared to Bitcoin Cash, Bitcoin, and Ethereum.Do the math.
- From EconomicRenegad:
@BerwickJeff Bitcoin & Bitcoin Cash were created by JP Morgan coders. @rogerkver knows it. The entire crypto space was created by the secret societies to digitize everyone and everything to prepare them for the social credit system. Look at the QR codes being rolled out. It’s access control.
In terms of news links for Bitcoin Cash here’s one to try:
Customers who want to access the content inside the encrypted container can make a payment using cryptocurrency like Bitcoin Cash.” Asked why he was excited about K.IM and Bitcoin Cash in particular, Dotcom said that while Bitcoin (BTC) has been a great tool for asset storage, Bitcoin Cash is “great for payments” for services like K.IM and offers new financial opportunities for consumers, vendors and investors….It’s not surprising that he would be so bullish about Bitcoin Cash.” Ver said that K.IM is one of the most exciting products he’s seen in years and has the potential to get millions of people using cryptocurrencies like Bitcoin Cash which can handle the massive volume Dotcom’s businesses have created in the past….The right time to buy, of course, is when stocks are priced at the bottom….(To watch Messer’s track record, click here)Overall, Esperion has 6 recent reviews on record, with a breakdown of 5 Buys and 1 Hold to give the stock a Strong Buy rating from the analyst consensus….Additionally, we have had the pleasure of working closely with Jerry Durso and believe that he will transform the company and lead ICPT’s success in growing the PBC market and the path to potential approval and commercial launch of OCA in NASH.”Rahimi takes a long-term bullish stance on ICPT, giving the stock an Overweight (i.e. Buy) rating and an $82 price target….Shares are priced at $25.82, and the average price target of $59.19 suggests an upside potential of 132% for the next 12 months.