Bitcoin Cash (BCH) Price Near $428.59; in an Uptrend Over Past 14 Days, 2 Day Up Streak Broken, Pin Bar Pattern Appearing on Chart

The Hourly View for BCH

Last Updated January 8, 2021, 22:16 GMT

At the moment, Bitcoin Cash’s price is down $-2.99 (-0.69%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Bitcoin Cash has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, with price now being below it. 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

The back and forth price flow continues for Bitcoin Cash, which started today off at 448.88 US dollars, down 1.21% ($5.48) from yesterday. As for how volume fared, yesterday’s volume was up 50.43% from the previous day (Wednesday), and up 243.76% from Thursday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 5th for the day in terms of price change relative to yesterday. The daily price chart of Bitcoin Cash below illustrates.

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 up. Or to view things another way, note that out of the past 14 days Bitcoin Cash’s price has gone up 9 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From KimDotcom:

    I told you Bitcoin is great from the very beginning. Did you get in or did you wait too long? Now I’m telling you to get involved in Bitcoin Cash too. It has the biggest upside potential and is currently undervalued. #BitcoinCash #Bitcoin

  • From kurtwuckertjr:

    I told you Bitcoin is great from the very beginning. I told you about Bitcoin Cash too. Did you get in or did you wait too long? Now I’m telling you to get involved in Bitcoin SV too. It has the biggest upside potential and is currently undervalued. #BitcoinSV #Bitcoin

  • From stephenarees:

    @KimDotcom You can’t get it right all the time. Bitcoin Cash will be killed by the Lightning Network. There’s no need for it. I’d be more interested in any alt that doesn’t have Bitcoin in its name, as that’s obviously not a good idea. Dogecoin probably better than Bcash.

As for a news story related to Bitcoin Cash getting some buzz:


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