Bitcoin Cash (BCH) Price Near $264.07; 2 Day Down Streak Snapped, Crosses 20, 50, 100 and 200 Day Moving Averages

The Hourly View for BCH

Last Updated November 21, 2020, 02:036 GMT

At the time of this writing, BCH’s price is up $2.88 (1.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 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 259.36 US dollars, up 5.82% ($14.27) from the previous day. The price move occurred on volume that was up 30.81% from the day prior, but down 14.63% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.


Bitcoin Cash Technical Analysis

First things first: Bitcoin Cash crossed above its 20, 50, 100 and 200 day moving averages yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone down 6 them.