The Hourly View for BCH
Last Updated April 2, 2021, 00:016 GMT
At the moment, Bitcoin Cash’s price is up $2.58 (0.46%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Bitcoin Cash has now gone up 8 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 came into today up 3.02% ($15.87) from the open of the previous day, marking the 3rd straight day it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 117.57% from the day prior, and up 12.06% 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
Notably, the current price of Bitcoin Cash is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 5 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From marenaltman:
it’s important to note that paypal is truly allowing users to convert their bitcoin, ethereum, litecoin, or bitcoin cash into us dollars upon transacting. different than just spending.this is cool and all, but i still wouldn’t convert anything out of crypto at this point.
- From BitcoinCashCom2:
I can observe through the various online media that the lies and propaganda against Bitcoin Cash is getting weaker and weaker. That’s a good sign. It means the Bitcoin Cash community is growing bigger or people are getting wiser. Either way, it is a good sign.
- From oscarsalas93:
@KimDotcom I appreciate you supporting BCH. From someone who is been supporting Bitcoin Cash for years, having a voice like yours supporting this movement is amazing. I hope you stay for the long run!
For a longer news piece related to BCH that’s been generating discussion, check out:
Some of the leading Bitcoin hard forks include Bitcoin Cash and Bitcoin SV….Others include Bitcoin Gold, Bitcoin Cloud, Bitcoin Classic, Bitcoin Private and many more. Most of the forks are community-driven and are intended to add more functionalities to the conventional Bitcoin, or emanate from disagreements on critical features such as speed, transaction fees and block size….This was most recently seen when Bitcoin Cash was split into Bitcoin Cash ABC and Bitcoin Cash Node after a network upgrade, with the latter winning out in support and getting the BCH ticker on exchanges. Importantly, after a hard fork, two decentralized networks cannot natively send messages between each other since they have no backward compatibility, unlike a soft fork….Bitcoin Cash is the second-largest fork of the Bitcoin network, next to BTC….Although the costs fluctuate depending on either blockchain’s congestion, the Bitcoin network suffers from high transaction processing fees compared to Bitcoin Cash….A transaction on the Bitcoin Cash network is likely to cost you roughly $0.0027, while a similar trade on BTC requires a network fee of around $20, and could go even higher [data as of Mar.