Bitcoin Cash (BCH) Closes Prior Hour Up 1.11%; Heads Down For the 2nd Day In A Row

The Hourly View for BCH

Last Updated July 15, 2021, 01:016 GMT

At the time of this writing, Bitcoin Cash’s price is up $5.18 (1.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 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 above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash Daily Price Recap

Bitcoin Cash closed the day prior down 2.97% ($14.25); this denotes the 2nd day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 28.43% from the day prior, and up 115.35% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since the day prior in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 15 of the previous 30 trading days.

Overheard on Twitter

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

  • From CypherSafe:

    @elonmusk @bluewalletio I see @elonmusk has made some progress in his Bitcoin Learning.Now he’s spewing Bitcoin Cash arguments about lightning from 2018.Just 3 more years of learning to go, and he’ll actually have a clue.

  • From thecryptokidd:

    What’s your top three list for making a passive income with Bitcoin Cash? #BCH

  • From MrPostman90:

    @CoinDesk @binance @sheldonreback Download @modeapp_ create an account. Then on Binance convert your fiat into Bitcoin and then transfer it to your mode account.
    Then you will be able to withdraw. #MODE are @TheFCA regulated in the U.K. You can also start to get Bitcoin cash back with pay by mode end of Sept 👍🏻