The Hourly View for BCH
Last Updated October 16, 2020, 01:036 GMT
Currently, BCH’s price is up $3.64 (1.39%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 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
Bitcoin Cash came into today up 1.17% ($3.04) from the open of yesterday, marking the 9th straight day an upward move has occurred. As for how volume fared, yesterday’s volume was up 25.9% from the previous day (Wednesday), and up 64.75% from Thursday of the week before. On a relative basis, yesterday was pretty good: Bitcoin Cash bested all 7 of the assets in the Top Cryptos class 🙂 Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, Bitcoin Cash is now close to its 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From krakenfx:
📢 *UPDATE* Bitcoin Cash (BCH) traders please take note of a precision change coming October 15 at ~13:30 UTCThe precision for BCH/USD and BCH/EUR is increasing from one to two decimal places (e.g. a buy order for $252.1 will change to $252.10).#trading #crypto
- From TheEyeofQNT:
@BitCoin73999506 /1 Sure!So what merged mining is essentially,You secure the transaction of the Hathor Network, but can also secure the bitcoin network or Bitcoin cash network. You won’t share the power, it will be one. So you can choose which network to merge with.
- From JlMoriart:
@Coinme, it would be great to have Bitcoin Cash available in your integrations!
In terms of news links for Bitcoin Cash here’s one to try:
The merge mining operation called HathorMM currently captures 33% of the Bitcoin Cash hashrate and the miners are also mining Bitcoinsv as well….The pool is a merge mining operation which means the miners can mine both bitcoin cash (BCH) and hathor (HTR)….An Egyptian bitcoin community is seeing a huge spike in the number of members interested in bitcoin mining and trading….China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed.