The Hourly View for BCH
Last Updated April 26, 2021, 03:016 GMT
Currently, Bitcoin Cash’s price is up $7.66 (0.95%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Bitcoin Cash has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on BCH; it is now pointing up. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Bitcoin Cash Daily Price Recap
Bitcoin Cash came into today down 1.69% ($13.02) from the open of the previous day, marking the 5th consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 12.2% from the day before — and down 79.72% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone down 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From JonErlichman:
Some returns in the past year:Dogecoin: +13,565%
Binance Coin: +2,964%
Bitcoin Cash: +233%
- From safemooncash:
LOGO CONTEST. We heard our community loud and clear. You want a new logo, not a copy of Safemoon’s (like Bitcoin Cash has of Bitcoins), but a logo that makes us stand out. We will give away .3 BNB (we want to hold on to our SAFEMOON CASH😉) to the person that designs the best 1/2
- From BitcoinCashCom2:
@olya_borderless Many of us Bitcoiners already moved to using Bitcoin Cash. It is an improved version of BTC. Try send $10 in BTC vs $10 in BCH to yourself to experience it on your own. It’s like using a bicycle (BTC) vs using a sports car (BCH)
As for a news story related to Bitcoin Cash getting some buzz:
The host of the channel sitting in a Tesla dealership parking lot explains in his recent video that if Elon Musk gets Tesla to accept bitcoin cash directly for cars, he plans to commit to purchasing 111 Tesla Model 3s….Yes, you heard me right, 111 Tesla Model 3s.” The video host further says that he hopes Elon Musk can tweet out to his Twitter followers that Tesla will be accepting bitcoin cash (BCH) for payments….What do you think about the proposal to purchase 111 Tesla Model 3s if Elon Musk gets Tesla to accept bitcoin cash payments?