The Hourly View for BCH
Last Updated January 13, 2021, 03:016 GMT
Currently, Bitcoin Cash’s price is up $2.69 (0.56%) from the hour prior. Bitcoin Cash has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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
Bitcoin Cash is down 5.41% ($25.83) since yesterday, marking the 2nd straight day it has gone down. The change in price came along side change in volume that was down 54.17% from previous day, but up 68.21% from the Tuesday of last week. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during yesterday. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Bitcoin Cash’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From nierop_pieter:
I wonder how we can get the price of ADA to increase 2,83%?Then we will flip with Bitcoin Cash to 7th Place and we can start the hunt for the 5th place of Litecoin. That needs a 5.75 % higher price for ADA. #Cardano #ADA
- From KimDotcom:
@kunachii You make no sense. Bitcoin and Lightning are already implemented if you have a look at our roadmap. Bitcoin Cash is an additional choice but I already know that vendors as well as users will prefer BCH because of what it does.
- From CryptoDaRock:
@paalsky @Nouriel Just remember BSV it’s a fork of Bitcoin, like Bitcoin Cash is, and both try to mislead people into thinking it’s Bitcoin. If you are not sure which one is the one everybody talks about, the original and real Bitcoin it’s the one with at least double the dollar digits value.
For a longer news piece related to BCH that’s been generating discussion, check out:
The man’s name is BitcoinMan, and he’s on a mission to spread the message around Bitcoin Cash and the power of Cryptocurrency….The masked benefactor first made plans of giving away Bitcoin (BTC), but given how high the fees have become, he moved instead to Bitcoin Cash.