Bitcoin Cash (BCH) Down $42.71 On 4 Hour Chart, Entered Today Up 6.23%; in an Uptrend Over Past 14 Days

Bitcoin Cash 4 Hour Price Update

Updated August 02, 2020 07:18 AM GMT (03:18 AM EST)

Bitcoin Cash’s 3 four-hour candle positive streak has officially concluded, as the candle from the last 4 hour candle closed down 12.69% ($42.71). On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.

Bitcoin Cash Daily Price Recap

Bitcoin Cash closed yesterday up 6.23% ($18.76); this denotes the 3rd day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 65.4% from the previous day (Friday), and up 103.98% from Saturday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to yesterday. Below 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. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin Cash:

  • From CiaraHuobi:

    My panel with @rogerkver will be live at 20:30 (GMT+8) tonight! Make sure to tune in and check out our discussion on the future of both #Huobi & Bitcoin Cash #BCH.Join us 👇

  • From disco_donald:

    I could imagine that Roger was confused. It was indeed a very confusing time in big block history. But time has passed and the fog of war has cleared. Still upholding the exact same arguments for siding with ABC after seeing what happend with Bitcoin Cash under ABC control 🤦‍♂️

  • From CryptoGulp:

    Top 5 Cryptocurrencies – Current Prices⬆️ $BTC: $11,354.76 | Bitcoin +0.28%
    ⬆️ $ETH: $351.49 | Ethereum +1.49% 🚀
    ⬆️ $XRP: $0.260274568 | XRP +0.92%
    ⬆️ $USDT: $0.999262936 | Tether +0.03%
    ⬆️ $BCH: $306.89 | Bitcoin Cash +0.30%

For a longer news piece related to BCH that’s been generating discussion, check out:

Bitcoin Cash: Scaling the Globe

  Founder, HoneyPay Join Amaury Séchet, Founder of Bitcoin Cash and Lead Developer of Bitcoin ABC, as he lays out his vision for the future of Bitcoin Cash as world-scale money….To join this panel, email [email protected]….Founder, BCH Ghana Moderator Be.cash is the next iteration of blockchain payments, and it’s happening on Bitcoin Cash.