Bitcoin Cash (BCH) Closes Last Hour Down $-6.22; Pin Bar Pattern Appearing on Chart, Moves Down For the 3rd Straight Day, in an Uptrend Over Past 30 Days

The Hourly View for BCH

Last Updated April 24, 2021, 02:047 GMT

Currently, BCH’s price is down $-6.22 (-0.77%) from the hour prior. The hourly chart shows that BCH has seen 3 straight down 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 previous day down 1.66% ($14.16); this denotes the 3rd straight day a decline has happened. The price move occurred on volume that was up 20.08% from the day prior, but down 61.27% 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.

BCH

Bitcoin Cash Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 17 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

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

  • From TokenSpam:

    To send & receive $SPAM 🍖 you need 2 things:1. Download the free Bitcoin .com wallet from the App Store which has an SLP wallet to hold your tender juicy 🍖2. A little bit of Bitcoin cash to pay the transaction fee when sending 🍖 to other SLP wallets
    Welcome to the #SPAMFAM

  • From BitcoinCashCom2:

    @pokkst Holy shit, I didn’t know that. They had to resort to these dirty tricks because they know BTC is a dead end. You do these dirty tricks when you know the BTC can’t win based on merits alone. Bitcoin Cash is so frightening to them, lol.

  • From safemooncash:

    Hello and welcome to Safemoon Cash! A rug proof, ownership renounced project that will bring rivalry to Safemoon with positive vibes only. Bitcoin Cash reached an ATH of 0.25 Bitcoin. Our goal is for Safemoon Cash to reach 0.25 Safemoon.

For a longer news piece related to BCH that’s been generating discussion, check out:

Man Offers to Buy 111 Tesla Model 3s if Elon Musk’s Company Accepts Bitcoin Cash for Payments – Featured Bitcoin News

The host of the channel sitting in a Tesla dealership parking lot explains in his recent video that if Elon Musk gets Tesla to accept bitcoin cash directly for cars, he plans to commit to purchasing 111 Tesla Model 3s….Yes, you heard me right, 111 Tesla Model 3s.” The video host further says that he hopes Elon Musk can tweet out to his Twitter followers that Tesla will be accepting bitcoin cash (BCH) for payments….What do you think about the proposal to purchase 111 Tesla Model 3s if Elon Musk gets Tesla to accept bitcoin cash payments?