Bitcoin Cash (BCH) Closes Prior Hour Up 0.4%; Moves Down For the 2nd Day In A Row, Crosses 20 Day Moving Average

The Hourly View for BCH

Last Updated November 11, 2020, 02:036 GMT

Currently, BCH’s price is up $1.05 (0.4%) from the hour prior. The hourly chart shows that BCH has seen 3 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 down 2.63% ($6.96) since the day prior, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 0.42% from the day before — and down 40.18% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during the day prior. Here is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Notably, Bitcoin Cash crossed below its 20 day moving average yesterday. For additional context, note that price has gone down 6 out of the past 10 days.

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 signupwallet:

    In 15th November this month, Bitcoin Cash network is going through a scheduled protocol upgrade. ABC client will split from the network in order to pursue their own coin. Signup wallet is not supporting that new coin and just will follow the longest POW in the BCH blockchain.

  • From tcrypt25519:

    @mewn21 @Bitcoin_ABC is working on this for Bitcoin Cash using Avalanche consensus to enable online nodes to agree on which chain is the reorg based on their subjective knowledge from having been online. Exchanges and miners can ignore such chains until the attacker gives up.

  • From CryptoGulp:

    Top 10 Cryptocurrencies prices during the past hourThe biggest winner of the hour was Chainlink $LINK, reaching a price of $12.61; an increase of 0.91%Bitcoin Cash $BCH was the biggest loser, it has dropped to $268.84, representing a loss of -0.28%