Bitcoin Cash (BCH) Closes Prior Hour Up 0.84%; Heads Up For the 2nd Day In A Row, in an Uptrend Over Past 14 Days

The Hourly View for BCH

Last Updated February 11, 2021, 02:016 GMT

At the time of this writing, Bitcoin Cash’s price is up $4.15 (0.84%) from the hour prior. Bitcoin Cash has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them so that price is now turning above them. 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 came into today up 6.3% ($30.52) from the open of the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 37.05% from the day prior, and up 126.98% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd 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

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 7 them.

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 DoctorEmto:

    With Bitcoin being king,
    Other cryptos you can invest in are;-Ethereum( ETH) – Litcoin (LTC)- Cardano (ADA)- Polkadot (DOT)-Bitcoin Cash ( BCH)- Stellar (XLM)-Chainlink (LINK) -Binance Coin (BNB)-Tether (USDT)-Monero (XMR)-Tron (TRX)

  • From realTylerZed:

    Bitcoin Cash will soon be the leading crypto currency with most transactions… and theyโ€™re still only a fraction of Bitcoinโ€™s price. Huge huge huge upside from Bitcoin Cashโ€™s current price.

  • From jasonzweigwsj:

    @ApeMoar mostly?”The study found that over 39% of the total energy consumed by PoW cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and others comes from renewable energy sources.”

In terms of news links for Bitcoin Cash here’s one to try:

Nasdaq is launching a Nasdaq Crypto Index (NCI). The 6 current constituents are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, and Stellar Lumens! : Stellar

TL;DR: Looks like a trial run for crypto ETFs in a small market, but may be harbinger for more serious ETF related news….Lets keep the good news flowing!…Diamond hands, Stelllar to the Moon๐Ÿš€๐Ÿš€๐Ÿš€๐ŸŒ–๐ŸŒ–๐ŸŒ–๐Ÿ’Ž๐Ÿ’Ž๐Ÿ’Ž๐Ÿคฒ๐Ÿคฒ๐Ÿคฒ Be careful about revealing such information online I hope they add more coins in the future like $DNT Bruh that coin and sub are dead Every single one of those cryptos is on Bitstamp, which is arguably the most regulated crypto exchange in the world, for better or worse.