Bitcoin Cash (BCH) Closes Prior Hour Up 0.57%; 2 Day Up Streak Snapped, Crosses 50, 100 and 200 Day Moving Averages

The Hourly View for BCH

Last Updated November 19, 2020, 08:016 GMT

At the time of this writing, BCH’s price is up $1.4 (0.57%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as BCH has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. 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 back and forth price flow continues for Bitcoin Cash, which started today off at 245.98 US dollars, down 3.53% ($8.99) from yesterday. The change in price came along side change in volume that was up 9.23% from previous day, but down 3.96% from the Wednesday 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 yesterday. Let’s take a look at the daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

First things first: Bitcoin Cash crossed below its 50, 100 and 200 day moving averages yesterday. Or to view things another way, note that out of the past 14 days Bitcoin Cash’s price has gone down 8 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

  • From Bitstamp:

    BCH HARD FORK: Bitcoin Cash deposits and withdrawals are available again at Bitstamp. Right now, we only support transfers from/to the Bitcoin Cash Node chain. Do not send coins from the Bitcoin Cash ABC chain to Bitstamp, as they will not be credited!

  • From zndtoshi:

    The name of the new dominant bcash chain is…
    ๐Ÿฅ๐Ÿฅ๐Ÿฅ๐Ÿฅ”Bitcoin Cash Node” ๐Ÿคก๐ŸคกOh the sweet irony after calling Bitcoin – “Bitcoin Core” for so long.
    Live by the fork, die by the fork you scammers!

  • From HaileyLennonBTC:

    Bitcoin cash is the real bitcoinโ“˜ ๐—ข๐—ณ๐—ณ๐—ถ๐—ฐ๐—ถ๐—ฎ๐—น ๐˜€๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ๐˜€ ๐˜€๐˜๐—ฎ๐˜๐—ฒ๐—ฑ ๐˜๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐—ณ๐—ฎ๐—น๐˜€๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—บ๐—ถ๐˜€๐—น๐—ฒ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด

In terms of news links for Bitcoin Cash here’s one to try:

Taxman gets the boot: Bitcoin Cash Node emerges as victor of hard fork

The Bitcoin Cash network just went through yet another fork after originally being created as a hard fork from the Bitcoin (BTC) blockchain in August 2017….15 split the Bitcoin Cash network into two new blockchains, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN)….Among the two networks, Bitcoin Cash ABC received very little hash power, while Bitcoin Cash Node obtained the majority, indicating that miners may generally favor BCHN over BCHA.