The Hourly View for BCH
Last Updated January 7, 2021, 03:016 GMT
Currently, Bitcoin Cash’s price is up $1.82 (0.4%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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 is up 8.35% ($35.01) since the day prior, marking the 2nd consecutive day an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 40.37% from the day prior, and up 95.21% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 5th for the day in terms of price change relative to the day prior. Below is a 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. For another vantage point, consider that Bitcoin Cash’s price has gone up 20 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From DavidShares:
How about the M1 cash market, which is a $56 trillion dollar market. Bitcoin Cash (BCH) is the digital cash of the future. It’s global, borderless, anyone can use it, p2p, easy to use, has low fees, is reliable, censor resistant. BCH is real money, and the M1 market is HUGE.
- From BryceWeiner:
If Vitalik had won his bid to alter the Bitcoin protocol to make smart contracts possible there would be no Bitcoin Cash, no BSV, no Craig Wright, and I never would have launched a single altcoin. Maximalism would have already won…and without Tether.
- From joni_koskimaa:
#Cardano $ADA flipped Bitcoin Cash, and rightfully so. With BSV also out of the top 10, the cryptocurrency markets seem to be moving towards more reasonable and rational valuations.Prediction: ADA will be in the top 4 by marketcap within Q1 of this year.#goingfornumber1
As for a news story related to Bitcoin Cash getting some buzz:
Hence, the name “Anyhedge”….Now that we understand a bit about oracles, how does Anyhedge work?…The trusted oracle provides a signed message with a price and time stamp, and the smart contract funds can be unlocked when the oracle signature is valid….The smart contract allows the users to specify a liquidation price on both the low and the high side….But it is also possible to use Anyhedge contracts between any two willing parties….What do you think about Anyhedge and Detoken?