Bitcoin Cash (BCH) Closes Prior Hour Down -0.05%; Moves Down For the 2nd Straight Day, Crosses 200 Day Moving Average, Eyes 200 Day Average

The Hourly View for BCH

Last Updated October 18, 2020, 11:15 GMT

At the moment, BCH’s price is down $-0.12 (-0.05%) 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. 3 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

Bitcoin Cash came into today down 2.05% ($5.12) from the open of the day prior, marking the 2nd straight day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 59.9% from the day before — and down 10.65% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during the day prior. Below is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

First things first: Bitcoin Cash crossed below its 200 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 8 them.