Bitcoin Cash (BCH) Up $1.17 in Last 4 Hours, Outperforms All Top Cryptos to Start the Day; But Still in a Downtrend Over Past 30 Days

Bitcoin Cash 4 Hour Price Update

Updated September 16, 2020 11:19 PM GMT (07:19 PM EST)

Bitcoin Cash entered the current 4 hour candle at $232.13, up 0.51% ($1.17) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Bitcoin Cash Daily Price Recap

Bitcoin Cash is up 4.12% ($9.31) since yesterday, marking the 2nd straight day an upward move has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 91.1% from the day prior, and up 58.55% from the same day the week before. Bitcoin Cash outperformed all 5 assets in the Top Cryptos asset class since yesterday. Let’s take a look at the daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Coming into today the current price of Bitcoin Cash is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 7 of the previous 10 trading days.

Overheard on Twitter

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

  • From weepingswords:

    @CharlieShrem @deadalnix @BitPay PSA: @deadalnix and ABC are no longer associated with Bitcoin Cash, he is forking off with his 8% tax coin in November. Didn’t watch the interview but I assume since Charlie is anti-Bitcoin (BCH), why he’s now suddenly interviewing Amaury is “enemy of my enemy is my friend.”

  • From MMCrypto:

    Wow, Bitcoin Cash $BCH changed many peoples life!From eating at Mc Donald’s to working at Mc Donald’s.

  • From JlMoriart:

    @CharlieShrem @deadalnix @BitPay Bitcoin Cash doesn’t have a lead developer, at least not in any official capacity. Amaury was a leader of sorts in the BCH ecosystem for some time. Now he’s the last person to go to for the “real story” behind Bitcoin Cash.