The Hourly View for BCH
Last Updated June 10, 2021, 07:016 GMT
Currently, Bitcoin Cash’s price is up $2.54 (0.41%) 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 100 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
The back and forth price flow continues for Bitcoin Cash, which started today off at 633.29 US dollars, up 6.26% ($37.29) from yesterday. The change in price came along side change in volume that was down 27.86% from previous day, but up 5.12% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Bitcoin Cash’s price has gone down 8 them.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From bitcoinkaiser:
Does anyone know if the El Salvador law specifies what “Bitcoin” means? Does it specifically mention the SegWit chain & BTC ticker symbol and if not does this mean that BSV and Bitcoin Cash are also now legal tender?
- From Leo_Bitcoin:
@IanBlas27 With a high enough number of transactions and hundreds of thousands of users using CashFusion, there would be almost no privacy concerns. Bitcoin Cash enables this.
- From DavidShares:
@CaitlinLong_ @nayibbukele Centralized databases (Strike) have always been able to scale fast. That’s not innovative. They can try to use BTC but fees will kill Salvadorans. It’s better to have them use Bitcoin Cash #BCH @nayibbukele.