Bitcoin Cash (BCH) Closes Prior Hour Up 0.45%; Heads Up For the 2nd Consecutive Day, Nears 20 Day Moving Average, Breaks Above 20 Day Average

The Hourly View for BCH

Last Updated April 1, 2021, 00:016 GMT

Currently, Bitcoin Cash’s price is up $2.44 (0.45%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Bitcoin Cash has now gone up 5 of the past 5 hours. 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 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 closed the previous day up 1.45% ($7.51); this denotes the 2nd consecutive day an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 11.11% from the day before — and down 45.95% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since the previous day in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.

BCH

Bitcoin Cash Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above its 20 day moving average yesterday. For another vantage point, consider that Bitcoin Cash’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

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

  • From marenaltman:

    it’s important to note that paypal is truly allowing users to convert their bitcoin, ethereum, litecoin, or bitcoin cash into us dollars upon transacting. different than just spending.this is cool and all, but i still wouldn’t convert anything out of crypto at this point.

  • From BitcoinCashCom2:

    I can observe through the various online media that the lies and propaganda against Bitcoin Cash is getting weaker and weaker. That’s a good sign. It means the Bitcoin Cash community is growing bigger or people are getting wiser. Either way, it is a good sign.

  • From walerikus:

    The truth is that Bitcoin Cash is being criticized, ignored, hated and avoided thanks to a very powerful propaganda that is against onchain scalability, the original Bitcoin design by Satoshi Nakamoto. While spreading lies that decentralization can’t be scalable on purpose.