Bitcoin Cash (BCH) Closes Last Hour Up $0.79; Moves Down For the 2nd Consecutive Day, in a Downtrend Over Past 14 Days

The Hourly View for BCH

Last Updated July 21, 2021, 03:016 GMT

Currently, Bitcoin Cash’s price is up $0.79 (0.2%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Bitcoin Cash has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend 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 closed the day prior down 3.9% ($16.18); this denotes the 2nd consecutive day a decrease has occurred. The price move occurred on volume that was up 17.32% from the day prior, but down 47.77% 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 the day prior. Let’s take a look at the daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone down 7 them.