Bitcoin Cash (BCH) Closes Prior Hour Down -0.63%; Breaks Below 200 Day Average, 2 Day Up Streak Ended

The Hourly View for BCH

Last Updated October 21, 2020, 19:15 GMT

At the moment, BCH’s price is down $-1.64 (-0.63%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 2 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

240.98 (USD) was the opening price of the day for Bitcoin Cash, resulting in the day prior being one in which price moved down 3.61% ($9.02) from the day prior. The change in price came along side change in volume that was up 30.63% from previous day, but down 31.63% from the Tuesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 6th for the day in terms of price change relative to the day prior. The daily price chart of Bitcoin Cash below illustrates.

BCH

Bitcoin Cash Technical Analysis

First things first: Bitcoin Cash crossed below its 200 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 19 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin Cash:

  • From sygnumofficial:

    Once your secure account is opened, put your deposited CHF, EUR, SGD&USD to work by investing in an expanding range of digital assets. Bitcoin, Ethereum, XRP and Bitcoin Cash, a Digital CHF token, & a diverse range of asset tokens-all seamlessly integrated in 1account.

  • From JohnLilic:

    @CollinEnstad I’ve tried a million different types of calculus including invoking Sir Penrose’s conformal cyclical cosmological equations and still cannot rationalize how in the holy heck we live in a universe where Bitcoin SV, Bitcoin Cash and XRP are combined worth $18.3 BILLION!

  • From ToshiSat0shi:

    #Crypto Top 5 by Total Volume$USDT Tether $0.9999 (23.26B)
    $BTC Bitcoin $11,728.65 (18.06B)
    $ETH Ethereum $379.40 (6.92B)
    $BCH Bitcoin Cash $249.16 (1.90B)
    $LTC Litecoin $48.15 (1.63B)