The Hourly View for BCH
Last Updated June 10, 2021, 08:016 GMT
At the time of this writing, Bitcoin Cash’s price is down $-2.53 (-0.41%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Bitcoin Cash has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 100 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
633.29 (USD) was the opening price of the day for Bitcoin Cash, resulting in the previous day being one in which price moved up 6.26% ($37.29) from the previous day. The price move occurred on volume that was down 27.86% from the day prior, but up 5.12% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.
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 17 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From bitcoinkaiser:
Does anyone know if the El Salvador law specifies what “Bitcoin” means? Does it specifically mention the SegWit chain & BTC ticker symbol and if not does this mean that BSV and Bitcoin Cash are also now legal tender?
- From DavidShares:
@CaitlinLong_ @nayibbukele Centralized databases (Strike) have always been able to scale fast. That’s not innovative. They can try to use BTC but fees will kill Salvadorans. It’s better to have them use Bitcoin Cash #BCH @nayibbukele.
- From TomFromTartu:
@MyLegacyKit Bitcoin Cash Satoshi’s Vision Enterprise Utility Blockchain…Need to fork it soonBitcoin Cash Satoshis True Vision Enterprise Utility Blockchain The Actual Real One This Time Cash