The Hourly View for BCH
Last Updated July 16, 2021, 04:020 GMT
Currently, BCH’s price is up $0.56 (0.12%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as BCH has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on BCH. Given that we see an uptrend on the 20, 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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
The back and forth price flow continues for Bitcoin Cash, which started today off at 455.7 US dollars, down 2.47% ($11.54) from the previous day. As for how volume fared, yesterday’s volume was up 143.35% from the previous day (Wednesday), and up 154.25% from Thursday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd 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
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 30 days Bitcoin Cash’s price has gone up 15 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From CypherSafe:
@elonmusk @bluewalletio I see @elonmusk has made some progress in his Bitcoin Learning.Now he’s spewing Bitcoin Cash arguments about lightning from 2018.Just 3 more years of learning to go, and he’ll actually have a clue.
- From PatsSoxBruins:
@GrahamWardle I noticed you have a few different options under Bitcoin w/Etherum & Bitcoin cash. Is there one you prefer over the other? Is Bitcoin cash something new or has it been around? (Sorry, I’m learning all new things this year& I’m trying to catch up & understand😂🤦🏼♀️) 🙂
- From p0oker:
It will be good if Bitcoin Cash nodes implement native upgrade feature and get rid of traditional hard/soft forks.Decision to upgrade any features belongs to BCH holders not anyone else.