The Hourly View for BCH
Last Updated April 27, 2021, 03:016 GMT
At the moment, Bitcoin Cash’s price is down $-3.35 (-0.39%) from the hour prior. This is the 2nd consecutive hour Bitcoin Cash has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 100 hour changed directions on BCH; it is now pointing up. 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 up 11.86% ($90.06) since yesterday, marking a reversal from the day prior — and the end of a 5 day negative run. The change in price came along side change in volume that was up 40.43% from previous day, but down 74.32% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since yesterday in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 17 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From MASTERBTCLTC:
Litecoin is king of it’s mining algorithm, bitcoin cash is a minority in its. Litecoin is adding MimbleWimble extension blocks & will be the first top ten coin to have fungibility Litecoin has been around for 9+ years, bitcoin cash is only 3+ years Charlie lee > Roger Ver
- From SterlinLujan:
Bitcoin cash is changing the world not as a speculative asset, but as an economic tool for bashing in the heads of economic tyrants and nanny state buffoons. I love it! Let’s keep evolving this technology toward greater freedom. #bch
- From nanosaurus_flex:
@girlgone_crypto $nano. a spam attack has been going on for a while, but during the attack, the network still sustained more transactions than bitcoin, bitcoin cash, litecoin and ethereum combined. and still instant. i think people who hate on nano just never tried it.
For a longer news piece related to BCH that’s been generating discussion, check out:
CheapAir, the first airline online booking platform to accept cryptocurrency payments, accepts Bitcoin Cash ABC (BCH) on its platform….CheapAir announced through an official press release the addition of Bitcoin Cash (BCH) to its collection of crypto payments.