The Hourly View for BCH
Last Updated May 31, 2021, 02:016 GMT
At the moment, Bitcoin Cash’s price is up $2.54 (0.4%) from the hour prior. Bitcoin Cash has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 down 5.4% ($37.22) from the open of yesterday, marking the 3rd straight day it has gone down. This move happened on lower volume, as yesterday’s volume was down 22.73% from the day before — and down 35.48% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to yesterday. Below is a 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 14 days Bitcoin Cash’s price has gone down 10 them.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From dustin_dettmer:
@Bquittem @Venmo The insane irony here is *it was miners* that backed the bitcoin cash fork. Bitcoin poured billions and billions of dollars trying to prop it up and failed.
- From walerikus:
@GeorgeDonnelly Most cryptos are meme and pump and dump scheme people buying it to sell to someone else for higher price, very few focus on useful things, Bitcoin Cash is one of them.
- From thecryptokidd:
The utility of Bitcoin Cash is more powerful than anything else in Bitcoin. #bitcoincash #bch