Bitcoin Cash (BCH) Closes Last Hour Up $4.98; 3 Day Up Streak Snapped

The Hourly View for BCH

Last Updated April 8, 2021, 04:016 GMT

At the time of this writing, Bitcoin Cash’s price is up $4.98 (0.81%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend 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 is down 6.93% ($45.89) since the day prior, marking a reversal from the day prior — and the end of a 3 day positive run. The change in price came along side change in volume that was down 19.06% from previous day, but up 10.6% from the Wednesday of last week. 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 day prior. Below is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

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 another vantage point, consider that Bitcoin Cash’s price has gone up 18 of the previous 30 trading days.

Overheard on Twitter

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

  • From SallyMayweather:

    Some coins have good adoption but are poor exchange media. Others are efficient exchange media but lack adoption. Only Bitcoin Cash is BOTH an efficient medium of exchange & widely adopted. This is why it poses the greatest threat to the Federal Reserve.

  • From 0Wilfred2:

    @underland420 @AlexSaundersAU I don’t ever intend to use my bitcoin for a grocery transaction. I use worthless fiat for that, perhaps Bitcoin cash. If I want to move across the world today and take all my wealth with me, bitcoin solves that problem. Ultimate Liquidity for your wealth. Two different purposes

  • From aww_tism:

    “How would you like a deflationary currency that is also a store of value where profits may be spent on items as small as coffee or as large as homes, while incurring fees less than half a penny? This is Bitcoin Cash aka BCH.”

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

North Queensland’s Bitcoin Cash City, home of the first taxi company to adopt BCH across their entire fleet. : btc

Hopefully when we can travel again I will have a chance to stop by Queensland, Australia again:) Good job guys!…Sure would be good to enjoy a BCHinno together.