Bitcoin Cash (BCH) Price Near $418.45; 2 Day Up Streak Ended, Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 14 Days

The Hourly View for BCH

Last Updated January 8, 2021, 03:016 GMT

Currently, Bitcoin Cash’s price is up $5.28 (1.28%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on BCH; it is now pointing up. 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 entered today at $448.88, down 1.21% ($5.48) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 50.43% from the day prior, and up 243.76% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 5th for the day in terms of price change relative to the day prior. The daily price chart of Bitcoin Cash below illustrates.


Bitcoin Cash Technical Analysis

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 additional context, note that price has gone up 5 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

  • From KimDotcom:

    I told you Bitcoin is great from the very beginning. Did you get in or did you wait too long? Now I’m telling you to get involved in Bitcoin Cash too. It has the biggest upside potential and is currently undervalued. #BitcoinCash #Bitcoin

  • From stephenarees:

    @KimDotcom You can’t get it right all the time. Bitcoin Cash will be killed by the Lightning Network. There’s no need for it. I’d be more interested in any alt that doesn’t have Bitcoin in its name, as that’s obviously not a good idea. Dogecoin probably better than Bcash.

  • From KimDotcom:

    @dkemper Bitcoin and Bitcoin Cash are my favorites. One is digital gold the other is digital cash. One to store for long term the other to pay for things on a daily basis.

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