Bitcoin Cash (BCH) Closes Last Hour Up $1.30; Crosses 100 Day Moving Average, 9 Day Up Streak Ended, But Still in an Uptrend Over Past 14 Days

The Hourly View for BCH

Last Updated October 17, 2020, 01:037 GMT

At the moment, BCH’s price is up $1.3 (0.52%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend 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

The end of a 9 day positive run has come for Bitcoin Cash, which finished the day prior down 4.53% ($11.89). As for how volume fared, yesterday’s volume was up 13.4% from the previous day (Thursday), and up 133.6% from Friday of 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. The daily price chart of Bitcoin Cash below illustrates.


Bitcoin Cash Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed below its 100 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. For additional context, note that price has gone up 11 out of the past 14 days.