Bitcoin Cash (BCH) Closes Last Hour Down $-3.05; in a Downtrend Over Past 14 Days, Moves Down For the 2nd Day In A Row

The Hourly View for BCH

Last Updated January 28, 2021, 00:016 GMT

Currently, Bitcoin Cash’s price is down $-3.05 (-0.81%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

Bitcoin Cash came into today down 1.06% ($4.57) from the open of the previous day, marking the 2nd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 20.33% from the day before — and down 51.46% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 6th since the previous day in terms of percentage price change. 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 additional context, note that price has gone down 7 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin Cash:

  • From SterlinLujan:

    I’m a fan of the Bitcoin cash community, because decentraliztion and financial freedom are considered more important than gains. Don’t get me wrong, gains are nice, but it’s not the most important or valuable characteristic of crypto. #BCH

  • From wisewizzz:

    @rogerkver Most folks keep coins on exchanges so that introduces fractional reserve BTC. Also, high BTC fees & terrible LN UX push people to custodians, that’s another round of fractional BTC… Bitcoin Cash is fighting for everyone’s right to have access to the world’s money blockchain.

  • From SGBarbour:

    @marcvanderchijs There is not difference between having fiat or bitcoin cash treasury at any given point in time. Value is value. The point of mining bitcoin is to maximize bitcoin in the treasury, if project schedules delay fiat deployment, might as well buy and hodl bitcoin.