The Hourly View for BCH
Last Updated January 14, 2021, 03:016 GMT
At the time of this writing, Bitcoin Cash’s price is up $1.1 (0.22%) from the hour prior. Bitcoin Cash has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 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 back and forth price flow continues for Bitcoin Cash, which started today off at 496.42 US dollars, up 9.84% ($44.47) from the previous day. This move happened on lower volume, as yesterday’s volume was down 27.62% from the day before — and down 13.26% from the same day 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. 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 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 5 them.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From KimDotcom:
I just had an online meeting with 10 talented coders who sent me their CV’s yesterday to brainstorm about apps they can build to bring Bitcoin Cash to the masses.I’ll do this every week. If you are a coder DM me your CV. You may be invited and get funding for your project idea.
- From BitcoinBirch:
I admit there was a time I decided to hold a 1:1 amount of Bitcoin cash to my $BTC holdings “just in case” I also admit that was the biggest waste of money in my life lol
- From elastos_sash:
@_Is_Inevitable @ElastosInfo From my thoughts if bitcoin collapses the ela blockchain just stops but isn’t compromised as has DPOS there still. Elastos can switch to another SHA algorithm (eg bitcoin cash) if it wanted but I don’t believe POW as a whole will all round collapse as mining is a huge business
For a longer news piece related to BCH that’s been generating discussion, check out:
The man’s name is BitcoinMan, and he’s on a mission to spread the message around Bitcoin Cash and the power of Cryptocurrency….The masked benefactor first made plans of giving away Bitcoin (BTC), but given how high the fees have become, he moved instead to Bitcoin Cash.