Bitcoin Cash (BCH) Closes Prior Hour Up 0.19%; Moves Up For the 2nd Straight Day, in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for BCH

Last Updated January 30, 2021, 02:046 GMT

At the time of this writing, BCH’s price is up $0.78 (0.19%) from the hour prior. This is the 2nd consecutive hour BCH has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 20 hour changed directions on BCH; it is now pointing up. 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 0.25% ($1) since the previous day, marking the 2nd straight day an increase has occurred. As for how volume fared, yesterday’s volume was up 368.51% from the previous day (Thursday), and up 49.51% from Friday of the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 6th for the day in terms of price change relative to the previous day. Here is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Notably, Bitcoin Cash is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 9 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From KimDotcom:

    Crypto’s the future, believe it or not
    Freedom & peace vs. rip off & rotBlockchain stars closing the doors
    To money printing & endless warsBitcoin, Ethereum & Bitcoin Cash
    Turn limits on freedom into trashA crypto revolution is evils defeat
    All we need is an Elon tweet.

  • From KevinCh08687158:

    @Z33RR0YT @vladtenev I have the same happened to me. Sold my 3 shares of bitcoin cash and 46k share of doge and I went from 3800 to 104. How is that possible when i sold for profits? And my account only show 104 buying power.

  • From mcclure111:

    @Xof @alexisgallagher Bitcoin isn’t capable of working on it. Ethereum is *in principle* capable of working on it, the altcoin communities might be able to work on it, Bitcoin can’t. The “bitcoin cash” debacle demonstrates they can’t upgrade their protocol no matter how good an idea it is

As for a news story related to Bitcoin Cash getting some buzz:

Worried about the Bitcoin Cash price, don’t just Hold tight your horses

That choice made us realize that we are here in the Bitcoin Cash community to support the project no matter what happens, we are in fact the Bitcoin Cash, yes, without people who support and embrace the project no way it could thrive, We are Bitcoin Cash….In fact, the Bitcoin Cash Cause is one of the best things anyone can dream to embrace on the crypto ecosystem because it’s not just a project it also a Movement, with Bitcoin Cash people all over the planet could see that there’s a project whom have been created by the people to the people, where anyone could be his/her own Bank paying almost zero fees for moving around funds, in a decentralized manner and with lighting speed transactions.