Bitcoin Cash (BCH) Closes Prior Hour Up 1.06%; 4 Day Up Streak Broken, Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 14 Days

The Hourly View for BCH

Last Updated February 17, 2021, 00:016 GMT

At the time of this writing, Bitcoin Cash’s price is up $7.48 (1.06%) from the hour prior. This is the 3rd consecutive hour Bitcoin Cash has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being above it. 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’s 4 day positive streak has officially concluded, as the candle from the day prior closed down 1.01% ($7.27). As for how volume fared, yesterday’s volume was up 12.32% from the previous day (Monday), and up 61.25% from Tuesday of the week before. Bitcoin Cash outperformed all 7 assets in the Top Cryptos asset class since the day prior. The daily price chart of Bitcoin Cash below illustrates.

BCH

Bitcoin Cash Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Bitcoin Cash’s price has gone up 10 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

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 birdbath:

    went out only to get harassed by some tiktok wannabe dude for talking to his lady when she asked me if i was tripping bc of my odd movements & i explained it was the dxm/whiskey + obscure yoga practices, then i come home to hatemail for saying bitcoin cash is superior to bitcoin.

  • From stageanalysis:

    Started a little crypto pension account for myself over the last few weeks. Initially portfolio weights are:Ethereum: 50%
    Bitcoin: 35%
    Bitcoin Cash: 5%
    Litecoin: 5%
    Ripple: 5%Aim is to add to it every month similar to my work pension. Very small to start though.#bitcoin

  • From GeorgeDonnelly:

    Bitcoin Cash aims to be a decentralized peer-to-peer value transfer system that will flippen BTC and be universally recognized as the real Bitcoin. The only question now is when you’re joining us.

As for a news story related to Bitcoin Cash getting some buzz:

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