Bitcoin Cash (BCH) Closes Prior Hour Up 0.07%; Crosses 100 and 200 Day Moving Averages, Price Base in Formation Over Past 14 and 90 Days, Heads Up For the 2nd Day In A Row

The Hourly View for BCH

Last Updated November 18, 2020, 03:016 GMT

At the moment, BCH’s price is up $0.18 (0.07%) 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 50 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

Bitcoin Cash came into today up 2.34% ($5.82) from the open of the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on volume that was down 23.5% from the day prior, but up 90.45% 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 previous day. The daily price chart of Bitcoin Cash below illustrates.

BCH

Bitcoin Cash Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above its 100 and 200 day moving averages yesterday. Also of note is that on the 14 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin Cash’s price has gone up 15 of the previous 30 trading days.

Overheard on Twitter

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

  • From Trezor:

    Following the Bitcoin Cash hard fork, the overwhelming majority of nodes have shown support for Bitcoin Cash Node over Bitcoin Cash ABC.@satoshilabs will support this decision and has replaced the Bitcoin Cash ABC software running on its servers with Bitcoin Cash Node software.

  • From Bitstamp:

    BCH HARD FORK: Bitcoin Cash deposits and withdrawals are available again at Bitstamp. Right now, we only support transfers from/to the Bitcoin Cash Node chain. Do not send coins from the Bitcoin Cash ABC chain to Bitstamp, as they will not be credited!

  • From zndtoshi:

    The name of the new dominant bcash chain is…
    🥁🥁🥁🥁”Bitcoin Cash Node” 🤡🤡Oh the sweet irony after calling Bitcoin – “Bitcoin Core” for so long.
    Live by the fork, die by the fork you scammers!

In terms of news links for Bitcoin Cash here’s one to try:

Here’s why PayPal is only supporting Bitcoin, Litecoin, Ether, and Bitcoin Cash – AMBCrypto

Published on By Paxos, PayPal’s liquidity provider, has seen its trading volume move up quite considerably over the past few weeks after crypto-trading went live on the platform to great acclaim….from 2021 Ethereum, Bitcoin held 44% share in 2019’s global blockchain transaction volume Your email address will not be published.