Bitcoin Cash (BCH) Closes Prior Hour Up 0.2%; Moves Up For the 2nd Straight Day, Breaks Above 20 Day Average, in an Uptrend Over Past 14 Days

The Hourly View for BCH

Last Updated July 5, 2021, 03:016 GMT

At the moment, Bitcoin Cash’s price is up $1.05 (0.2%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Bitcoin Cash has now gone down 4 of the past 5 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 down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Bitcoin Cash Daily Price Recap

Bitcoin Cash closed the previous day up 4.19% ($21.17); this denotes the 2nd straight day an upward move has occurred. As for how volume fared, yesterday’s volume was up 23.49% from the previous day (Saturday), and up 36.81% from Sunday of the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above its 20 day moving average yesterday. Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Bitcoin Cash’s price has gone up 16 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From VainilaMarket:

    Thank u Bitcoin Cash community!Voluntary donations make things happen💪Our flipstarter campaign has just been fully funded! 🌏🌍🌎57 BCH received through 21 donations🧸Our depeest Thanks to all participants and donators of this campaing in Asia 🌏#BCH #Flipstarter

  • From Greenbackkk:

    The dairy ecosystem is no longer affordable..
    Peak milk = Bitcoin
    Cowbell = Ethereum
    3 crowns = Ripple
    Dano = Bitcoin Cash
    Loya = Neocoin
    Milksi = Binance coin
    Abeg make una show me the Shib equivalent make I use hold my side before Sapa nak Man pikin Kwashiokor 🤕🤕🤕

  • From Gas_is_Low:

    @beaniemaxi Beanie, mad respect to you but this is more about the ideology than art itself.
    We saw similar with Bitcoin and Bitcoin Cash, Ethereum and Ethereum Classic ..
    Freedom of speech, peoples punks, decentralize, no copyright, censorship res., no central entity that controls your Punk