The Hourly View for BCH
Last Updated June 5, 2021, 02:045 GMT
At the moment, BCH’s price is down $-2.48 (-0.36%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as BCH has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 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
671.38 (USD) was the opening price of the day for Bitcoin Cash, resulting in the previous day being one in which price moved down 6.56% ($47.13) from the previous day. The price move occurred on volume that was up 24.71% from the day prior, but down 51.45% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the previous day. 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. For additional context, note that price has gone down 8 out of the past 14 days. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 30 and 90 day charts, may be slowing down and ready to reverse.
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 btcfork:
Bitcoin Cash is building the decentralized version of BIPs.CHIPs (Cash Improvement Proposals) can be created by anyone, there is no set of editors who can block the process. Only the community to give the author(s) feedback and decide whether they feel they can deploy the CHIP.
- From BSVMiami:
Mayor Francis Suarez: “I actually think that there will be another technology, and idk if it’ll be Bitcoin Cash, or idk if it’ll be another Bitcoin type of concept, that will be decentralized, will not be tethered to a central bank, and that will ultimately serve as a currency.”
- From thecryptokidd:
Ron Paul is speaking at the BTC conference this Friday on the topic of free choice.
Because Bitcoin Cash conversations are not permitted at the conference (or other Bitcoin related projects), I invite @RonPaul and others to explore Bitcoin Cash & projects promoting free choice.
As for a news story related to Bitcoin Cash getting some buzz:
LCX is launching Bitcoin Cash(BCH) at LCX Exchange today….Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.