Bitcoin Cash (BCH) Closes Last Hour Down $-0.42; Moves Up For the 9th Straight Day, in an Uptrend Over Past 14 Days

The Hourly View for BCH

Last Updated October 16, 2020, 03:015 GMT

At the time of this writing, BCH’s price is down $-0.42 (-0.16%) from the hour prior. This is the 2nd straight hour BCH has seen its price head 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 1.17% ($3.04) since the previous day, marking the 9th straight day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 25.9% from the day prior, and up 64.75% from the same day the week before. Bitcoin Cash outperformed all 7 assets in the Top Cryptos asset class since the previous day. Here is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Coming into today the current price of Bitcoin Cash is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

  • From krakenfx:

    📢 *UPDATE* Bitcoin Cash (BCH) traders please take note of a precision change coming October 15 at ~13:30 UTCThe precision for BCH/USD and BCH/EUR is increasing from one to two decimal places (e.g. a buy order for $252.1 will change to $252.10).#trading #crypto

  • From TheEyeofQNT:

    @BitCoin73999506 /1 Sure!So what merged mining is essentially,You secure the transaction of the Hathor Network, but can also secure the bitcoin network or Bitcoin cash network. You won’t share the power, it will be one. So you can choose which network to merge with.

  • From JlMoriart:

    @Coinme, it would be great to have Bitcoin Cash available in your integrations!

For a longer news piece related to BCH that’s been generating discussion, check out:

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.