The Hourly View for BCH
Last Updated March 2, 2021, 00:016 GMT
Currently, Bitcoin Cash’s price is up $5.54 (1.11%) from the hour prior. Bitcoin Cash has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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
Bitcoin Cash came into today down 4.86% ($23.53) from the open of yesterday, marking the 4th straight day it has gone down. The price move occurred on volume that was up 49.09% from the day prior, but down 66.98% 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 yesterday. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 16 them.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From _CryptOracle:
Coins never to buy in crypto
Binance coin $BNB
Bitcoin cash $BCH
Doge coin $DOGE
Band protocol $BAND
And any crypto that claims to be the #Ethereum killer.
- From BitcoinCashCom2:
Is #Bitcoin worth $45k for being unusable as a means of exchange? If the investment you bought is only to sell at a higher price to the next greater fool, there is a name for something like this. Ponzi Scam.I use Bitcoin Cash as Internet money every week. Love it!
- From Trontonium:
March ‘21Cardano is doing 50% of Ethereums volume & Bitcoin Cash is doing more volume than XRP Who’d have thought it last year ? A month is a long time in crypto – don’t be caught without a big bag of Tron
For a longer news piece related to BCH that’s been generating discussion, check out:
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