The Hourly View for BCH
Last Updated July 14, 2021, 01:016 GMT
Currently, Bitcoin Cash’s price is down $-3.21 (-0.7%) 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. 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 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 entered today at $479.45, down 3.72% ($18.53) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 54.99% from the day prior, and up 48.39% from the same day 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 the previous day. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, Bitcoin Cash crossed below its 20 day moving average yesterday. 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 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 16 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:
- From cryptobuzznews:
Grayscale has obtained approval to become an SEC-reporting co for its Digital Large Cap Fund, composed of #Bitcoin, $ETH, $LTC, Bitcoin Cash, & Ethereum Classic.Grayscale Large-Cap Fund to Follow GBTC & ETHE Rules.This is Grayscale’s first SEC approval beyond Bitcoin & ETH.
- From BitcoinMotorist:
Guys who are being paid to promote Bitcoin Cash think that we’re being paid to promote Lightning Network 🤡
- From StockMKTNewz:
Grayscale Investments has filed registration statements with the SEC for 3 mores trustsGrayscale Bitcoin Cash Trust $BCHG ( $BCH)
Grayscale Ethereum Classic Trust $ETCG ( $ETC)
Grayscale Litecoin Trust $LTCN ( $LTC)
As for a news story related to Bitcoin Cash getting some buzz:
Prompt.cash, a bitcoin cash noncustodial payment processor, is adding a bunch of interesting functionalities….Also, Prompt.cash added Paypal API integrations, making it easier for merchants to test Bitcoin Cash payments seamlessly….Prompt.cash is aware of this issue and is working to minimize the friction and cost of adding bitcoin cash payments to every platform out there.