The Hourly View for BCH
Last Updated April 29, 2021, 03:016 GMT
Currently, Bitcoin Cash’s price is up $0.97 (0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Bitcoin Cash. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 closed yesterday up 2.24% ($19.96); this denotes the 3rd day in a row an upward move has occurred. The change in price came along side change in volume that was up 35.67% from previous day, but down 20.8% from the Wednesday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin Cash’s price has gone down 8 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From lv1x87:
@zackvoell Remember when until last cycle Bitcoin had competitors like Bitcoin cash, litecoin and other shitcoins? Some of those Bitcoin competitors did better than Bitcoin for some time, today dogecoin is a competitor, it’s outperforming Bitcoin, will it last? Don’t think so, same for eth
- From bitcoininfo:
Did you know: Bitcoin Cash has double-spend proofs to reduce the risk when accepting transactions before they are included in a block#bitcoincash #dsproof
- From Hayden_Otto:
TFW people are traveling nearly 1000km up the east coast of Australia just to use our Bitcoin Cash ATM
For a longer news piece related to BCH that’s been generating discussion, check out:
There are a fast-growing number of people in less developed or financially unstable countries finding their voice and earning Bitcoin Cash on platforms such as READ.CASH and NOISE.CASH and there are some emotionally powerful posts on those platforms from Bitcoin Cash advocates telling how BCH has been a lifeline for themselves and their families and friends….A huge proportion of purchasing transactions in the world are under $10 and Bitcoin Cash easily fulfills the criteria for consumers wanting to make those transactions.