The Hourly View for BCH
Last Updated January 12, 2021, 03:016 GMT
At the moment, Bitcoin Cash’s price is up $1.56 (0.33%) from the hour prior. This is the 2nd straight hour Bitcoin Cash 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 down. 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
477.78 (USD) was the opening price of the day for Bitcoin Cash, resulting in yesterday being one in which price moved down 20.49% ($123.14) from yesterday. The price move occurred on volume that was down 22.86% from the day prior, but up 427.4% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. 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 additional context, note that price has gone up 6 out of the past 10 days. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 14, 30 and 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From KimDotcom:
I’m herewith officially joining the effort to make Bitcoin Cash the leading electronic cash solution in the world.I will help to accelerate the use of BCH with real world and online vendors and to increase the user base.I know how to do this. Join me.
- From TylerSCrypto:
My LEAST FAVORITE memory of 2017 was the lie that bitcoin cash was the real bitcoin and the chaos/confusion that it caused within the communityLuckily a lot more people are educated now but tons of new people are coming in and falling prey to this idea#Bitcoin IS THE REAL BTC
- From KimDotcom:
@BMAckerman @rogerkver Brian, thank you for your advise. I’m aware of all the criticisms against Bitcoin Cash and Roger Ver. I understand what motivates most of it and I’m immune to tribal manipulation. I have navigated the fog and I’m pleased with what I have found on the other side.
As for a news story related to Bitcoin Cash getting some buzz:
BCHA price is down -15.5% in the last 24 hours….Bitcoin Cash ABC (BCHA) is a coin resulted from a hard fork from Bitcoin Cash on November 15th 2020.