The Hourly View for BCH
Last Updated April 7, 2021, 04:016 GMT
At the moment, Bitcoin Cash’s price is down $-5.63 (-0.83%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 closed the previous day up 2.44% ($15.75); this denotes the 3rd consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 223.24% from the day prior, and up 197.29% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the previous day. 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 additional context, note that price has gone up 19 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From XRP_OWL:
People at my work that know nothing about crypto are now talking about crypto like they know about crypto. All I heard……”Bitcoin Cash Transaction Speed Faster” and I walked away😅We’re getting close to the parabolic portion of the bull market and close to the top.
- From DavidShares:
@be_cashy @Lukewearechange @mike_maloney @rogerkver @VitalikButerin @DollarVigilante Our time is running out. We have already wasted years when the focus shifted to “digital gold store of value.” Now we need a new p2p crypto to focus on for cash – this is where Bitcoin Cash fills the void – but so much time has been lost. I hope others can help move things along!
- From monsterbitar:
@BitcoinCashCity This was pretty much the only thing I really missed when I was down for the conference. It’s also what I think is the most important piece of the puzzle, since we humans tend to need to eat on a regular basis.I miss the bitcoin cash city..
For a longer news piece related to BCH that’s been generating discussion, check out:
There are many contradictions in our world and people who want the whole future for themselves, But the power to change is always there….The future is now, but what did we do for it?…What would happen if you take one step for the future?