The Hourly View for BCH
Last Updated July 22, 2021, 03:016 GMT
At the moment, Bitcoin Cash’s price is up $4.23 (1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 430.33 US dollars, up 7.91% ($31.54) since the previous day. This move happened on lower volume, as yesterday’s volume was down 18.99% from the day before — and down 13.55% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 7 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From thecryptokidd:
I was among the first investors and supporters of Bitcoin Cash and continue to use BCH in day to day life.
- From AnarkioC:
@KimDotcom Monero is also good. It doesn’t have the same big blocks and SLPs as Bitcoin Cash, but it has low fees (less than 1 cent), 2 minute blocktime, CPU PoW mining and strong built-in privacy in every wallet for all transactions that hides amounts, addresses, balances & TX history.
- From WhaleTrades:
📈💶$12,385,199 $BTC LONGED @$30963.0 [21/07/21 04:30:07]
🏪FTX | BTC-PERP🗣️It’s NOT BCASH, it’s Bitcoin Cash! – Raging Roger Ver
For a longer news piece related to BCH that’s been generating discussion, check out:
Bitcoin Cash works and I know that……Bitcoin Cash works in real life and is helping a lot of people achieve their dreams….Thanks🙏 I an glad that you liked it, i hope to inspire many to work hard to fulfill their dreams using BCH You certainly do….Hopefully me too, I can able to build a house using bch….Just believe and you can do anything using BCH Yes thank you so much BCH really works if we are also willing to work for it just like what you did sir….I hope it will really help people to get inspired and see that BCH works without a doubt Congratulations!