The Hourly View for BCH
Last Updated May 1, 2021, 02:046 GMT
Currently, BCH’s price is up $20.05 (1.99%) from the hour prior. The hourly chart shows that BCH has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Cash Daily Price Recap
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 995.92 US dollars, up 13.07% ($115.15) since yesterday. The change in price came along side change in volume that was up 72.06% from previous day, but down 39.12% from the Friday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.
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 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 17 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From udiWertheimer:
every time i hear someone say that #bsc is going to end up like bitcoin cash, i get bullish and increase my bnb position by 30%which translates to $0 because i’m poor and can’t afford to invest in these thingsbut it’s the intention that counts
- From GadgTecs:
@CoinMarketCap 1. Ethereum – Best investment in terms of value
2. Bitcoin Cash – Easy and fast transactions
3. USDT – Need some stability and ease of transfer
4. BNB – Binance is after all the biggest non-Chinese exchange
5. Bitcoin – The big, one and only! No wallet is complete without it
- From jajaaSB:
I was introduced to know Bitcoin Cash, but I started doing everything myself, I was not told to do. FYI
In terms of news links for Bitcoin Cash here’s one to try:
On Thursday, the Smart Bitcoin Cash team announced the launch of the Smartbch testnet explaining that developers and decentralized app makers can now experiment and develop with the high-performance, EVM-compatible Bitcoin Cash sidechain….Further, Bitcoin.com News spoke with Wang Kui the lead developer of the Smartbch project….During the last few weeks, the Smartbch project has been a topical conversation within the Bitcoin Cash (BCH) community….This is because the Smartbch project is a sidechain built on Bitcoin Cash and it leverages the BCH chain’s lower transaction fees….“However, as a sidechain to Bitcoin Cash, Smartbch aims to build a new playground for the Bitcoin Cash ecosystem and enlarge the user base.” Wang Kui the lead developer of the Smartbch further discussed the protocol with Bitcoin.com News this week….WK: Bitcoin Cash miners can vote for their validators on Smartbch and get gas fee rewards, such that they can benefit from decentralized finance (defi) applications on Smartbch.