Bitcoin Cash (BCH) Price Near $451.50; Pin Bar Pattern Appearing on Chart, 2 Day Down Streak Snapped

The Hourly View for BCH

Last Updated July 15, 2021, 18:16 GMT

At the time of this writing, Bitcoin Cash’s price is up $3.43 (0.77%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Bitcoin Cash has now gone down 4 of the past 5 hours. 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash Daily Price Recap

467.24 (USD) was the opening price of the day for Bitcoin Cash, resulting in the previous day being one in which price moved up 0.44% ($2.04) from the previous day. This move happened on lower volume, as yesterday’s volume was down 51.06% from the day before — and down 56.52% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.

BCH

Bitcoin Cash Technical Analysis

Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone down 6 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

  • From CypherSafe:

    @elonmusk @bluewalletio I see @elonmusk has made some progress in his Bitcoin Learning.Now he’s spewing Bitcoin Cash arguments about lightning from 2018.Just 3 more years of learning to go, and he’ll actually have a clue.

  • From PatsSoxBruins:

    @GrahamWardle I noticed you have a few different options under Bitcoin w/Etherum & Bitcoin cash. Is there one you prefer over the other? Is Bitcoin cash something new or has it been around? (Sorry, I’m learning all new things this year& I’m trying to catch up & understand😂🤦🏼‍♀️) 🙂

  • From p0oker:

    It will be good if Bitcoin Cash nodes implement native upgrade feature and get rid of traditional hard/soft forks.Decision to upgrade any features belongs to BCH holders not anyone else.