Bitcoin Cash (BCH) Closes Last Hour Up $0.67; Moves Up For the 8th Straight Day, in an Uptrend Over Past 14 Days

The Hourly View for BCH

Last Updated October 15, 2020, 03:015 GMT

At the moment, BCH’s price is up $0.67 (0.26%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 3 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 is up 2.22% ($5.62) since yesterday, marking the 8th straight day it has gone up. The change in price came along side change in volume that was down 1.07% from previous day, but up 171.59% from the Wednesday of last week. Bitcoin Cash outperformed all 7 assets in the Top Cryptos asset class since yesterday. Here is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

The first thing we should note is that Bitcoin Cash is now close to its 100 day averages, located at 252.72 respectively, and thus may be at a key juncture along those timeframes. 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. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 9 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin Cash:

  • From WhiteRabbitBTC:

    @saifedean Congrats! I’m confused why they still bought 2.4mm of shitcoins though:”Among what Gutmann calls β€œseveral” smaller funds is the NYDIG Basket Fund totaling $2.4 million, including bitcoin, ethereum, XRP, litecoin, and bitcoin cash. “

  • From m4ktub2:

    @galileo27102640 @BCHcain @deadalnix Following the now oldish mantra: everything that is possible will happen in Bitcoin. This makes the IFP as Bitcoin as ever.In other words, if SegWit does not make Bitcoin a non-Bitcoin then the IFP will also not make Bitcoin Cash a non-Bitcoin Cash.

  • From ZamaniFinancial:

    Bitcoin: 11480.59 πŸ’² USDEthereum: 384.14 πŸ’² USDLitecoin: 50.2 πŸ’² USDDogecoin: 0.002641 πŸ’² USD Yearn Finance: 16414.3 πŸ’² USD Bitcoin Cash: 241.56 πŸ’² USD Bitcoin SV: 169.49 πŸ’² USD ZCash: 72.53 πŸ’² USD Binance Coin: 31.17 πŸ’² USD
    #بیΨͺΪ©ΩˆΫŒΩ†
    #btc
    #bitcoin

As for a news story related to Bitcoin Cash getting some buzz:

Hathor Merge Mining Pool Commands 33% of the Bitcoin Cash Hashrate | Mining Bitcoin News

The merge mining operation called HathorMM currently captures 33% of the Bitcoin Cash hashrate and the miners are also mining Bitcoinsv as well….The pool is a merge mining operation which means the miners can mine both bitcoin cash (BCH) and hathor (HTR)….An Egyptian bitcoin community is seeing a huge spike in the number of members interested in bitcoin mining and trading….China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed.