The Hourly View for BCH
Last Updated January 15, 2021, 03:016 GMT
At the time of this writing, Bitcoin Cash’s price is down $-4.82 (-0.93%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. 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 6.09% ($30.22) since the day prior, marking the 2nd day in a row it has gone up. The price move occurred on volume that was up 0.43% from the day prior, but down 42.09% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since the day prior in terms of percentage price change. Below is a 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. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From KimDotcom:
I just had an online meeting with 10 talented coders who sent me their CV’s yesterday to brainstorm about apps they can build to bring Bitcoin Cash to the masses.I’ll do this every week. If you are a coder DM me your CV. You may be invited and get funding for your project idea.
- From btcfork:
“Bitcoin Cash is an improvement of the basic Bitcoin design. It has an increased transaction capacity and removes Bitcoin’s built-in limit of 1MB blocks. In my opinion, it is a well thought out system that is clearly an improvement over Bitcoin.”- OpenAI’s GPT-3 is a fan of BCH
- From elastos_sash:
@_Is_Inevitable @ElastosInfo From my thoughts if bitcoin collapses the ela blockchain just stops but isn’t compromised as has DPOS there still. Elastos can switch to another SHA algorithm (eg bitcoin cash) if it wanted but I don’t believe POW as a whole will all round collapse as mining is a huge business