The Hourly View for BCH
Last Updated May 29, 2021, 02:045 GMT
Currently, BCH’s price is down $-1.98 (-0.28%) from the hour prior. BCH has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. 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 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 came into today down 8.08% ($60.55) from the open of yesterday, marking the 2nd day in a row it has gone down. The price move occurred on volume that was up 9.54% from the day prior, but down 39.09% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Bitcoin Cash.
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 down 7 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From SterlinLujan:
I am a huge fan of freedom! In order to achieve greater amounts of it, we need a crypto like bitcoin cash to pull society out of bondage via more utilization, more adoption, and more raw usage. #BCH
- From TheOnlyFronk:
@CoinDesk @BitPay @spair Bullshit. Nobody spends bitcoin because the fees are insane, and bitcoin cash is a ghost town with nothing going on. @bitpay can you confirm these details? We all know #dogecoin is the most used spending currency already in this very early stage of adoption.
- From TheBCHPodcast:
@lexfridman @VitalikButerin Ask him about Bitcoin Cash. He has recently been posting in the Bitcoin Cash subreddits, and BCH will soon be implementing smartBCH (Ethereum but on Bitcoin Cash), and I don’t think he’s made any public comment on that plan.
As for a news story related to Bitcoin Cash getting some buzz:
This category includes paper wallets and hardware wallets….The Bitcoin.com wallet is probably the most used Bitcoin Cash mobile wallet with over 16 million wallets created….The Electron Cash wallet is without a doubt the most popular Bitcoin Cash desktop wallet….All these privacy options make it the go to desktop wallet for the privacy-minded Bitcoin Cash user….Electron Cash also has a mobile wallet for both android and IOS but they are not on par with the capabilities of the desktop wallet currently.