The Hourly View for BCH
Last Updated April 9, 2021, 23:16 GMT
At the moment, Bitcoin Cash’s price is down $-3.76 (-0.59%) from the hour prior. The hourly chart shows that Bitcoin Cash has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being 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 down 6.93% ($45.89) since the day prior, marking a reversal from the day prior — and the end of a 3 day positive run. The change in price came along side change in volume that was down 19.06% from previous day, but up 10.6% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 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 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From FloweeTheHub:
Bitcoin Cash is applying open source lessons to money. We are inviting people to participate. We love code, but open source is more. It is community & advertising and most of all it is about the joy of building something bigger than ourselves. Together.BCH is open source money.
- From pierre_crypt0:
$YFI currently sitting @ 70 spot by market cap according to Coingecko.Some names front running by market cap :
– Bitcoin Gold (lol)
– Ethereum Classic (lol)
– Dash (lol)
– Holo (lol)
– Neo (lol)
– Bitcoin SV (lol)
– Iota (lol
– EOS (lol)
– Bit torrent (lol)
– Bitcoin Cash (lol)
- From thecryptokidd:
Bitcoin had the first mover advantage, to make crypto useable as cash.Bitcoin Cash has now surpassed all cryptocurrencies as the most accepted and practical coin to use as digital cash. #bch
For a longer news piece related to BCH that’s been generating discussion, check out:
Countries in Latin America, such as Colombia and the Dominican Republic, found independence in a decentralized economy, where they could send money from anywhere without relying on financial institutions….Mexico was the first Latin American country to establish a legal framework for the use of virtual currencies (more reason to bring Bitcoin Cash to them), thanks to Fintech….In general, the rise of Bitcoin Cash in Latin America is being fueled by high banking costs for foreign transactions and a desire to make money….Now, in order for Bitcoin Cash to be useful and contribute growth, it requires more merchants to consider it.