The Hourly View for BCH
Last Updated October 17, 2020, 07:015 GMT
At the moment, BCH’s price is up $0.34 (0.14%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 1 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
The end of a 9 day positive run has come for Bitcoin Cash, which finished the day prior down 4.53% ($11.89). The price move occurred on stronger volume; specifically, yesterday’s volume was up 13.4% from the day prior, and up 133.6% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the day prior. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
Notably, Bitcoin Cash crossed below its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 19 them.