Bitcoin Cash (BCH) Price Near $697.25; in a Downtrend Over Past 30 Days, Moves Up For the 2nd Straight Day

The Hourly View for BCH

Last Updated June 1, 2021, 03:016 GMT

At the moment, Bitcoin Cash’s price is up $6.84 (0.99%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 and 200 hour moving averages have been crossed, with price now being above them. 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 up 6.25% ($41.34) from the open of the previous day, marking the 2nd straight day an increase has occurred. The price move occurred on volume that was up 10.36% from the day prior, but down 52.79% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 6th since the previous day in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.

BCH

Bitcoin Cash Technical Analysis

Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin Cash:

  • From basedkarbon:

    Seriously tho, my favorite replyguy was the dude telling me the bull market can’t possibly be over because XRP and Bitcoin Cash haven’t pumped to new all time highs. Like those are his benchmark assets

  • From cryptygirl:

    @El_Crypto_Chapo DigiByte is definitely one with solid tech and very little marketing, making it completely undervalued. 💁‍♀️ DigiByte tech called DigiShield saved Ethereum, Dogecoin, Zcash, Bitcoin Cash, and 2 dozen other blockchains from chain freezing.

  • From Knickanators:

    @Woodshed_1914 @YankeesKnicks99 @mikenieve @IanChisolm @SquareBidness @StateNYKPOD @rahmmagick @Jaelin_Taylor @queens_dude @0oty_Mac @MikeFromQns7 @_knicks1688 @Freekeith @GodSonRel @eepdllc @TruePG718 @Byronisback @stalling_e @Truth67001527 @DonaldP47082631 @eski225 @BaroneliJoe @rich_scan @Knickloyalty @Trace_AVP @TMal761 @ZamundaServant @TalkingKnicks @Ant4418 @AJTheManChild @BmoreLikeDBK @LegionOfKnicks @jfromflorida1 @uandme4life @JoelGlenn @net_steven @JeDiGoLLuM01 @LukeHen65877338 @ericgonzo1208 @PreZnyc621 @THISMOSCATOLIFE @Kool_Stou @jonathanorizo @CAPTAINPEARLNYK @JonathanJWagner @theline4two @dan_ny_b @KnicksCentral @chrispanic15 @nets Bow. I have my moments. Let me go scratch up some Bitcoin cash. Be good fellas.

In terms of news links for Bitcoin Cash here’s one to try:

Bitcoin Cash Separates Money And State

Source of Image: link (modified) It is still inevitable that Bitcoin will remove the power of finance from governments control and empower the individual….Source of Image Bitcoin progressed and upgraded but not with its old BTC version….Meanwhile, the real Bitcoin progressed and advanced to meet demand within Bitcoin Cash….Bitcoin Cash is the epitome of financial progress and inspires a productive future far from big governments.