Bitcoin Cash Price Recap
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it comes in at a price of 261.31 US dollars, down 3.82% since yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 9.85% from the day prior, and up 133.93% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class. Let’s take a look at price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The first thing we should note is that Bitcoin Cash is now close to its 200 day moving averages, which may act as price barrier for the asset. Volatility for Bitcoin Cash has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone down 6 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From l3l2ucelee:
Dash and Bitcoin cash have made some serious gains.
- From cjking711:
I try to stay agnostic but the fact that ripple and bitcoin cash have a combined market capitalization of over $14 billion blows my mind. This market is propped up and manipulated. This isn’t news to anyone but just pointing it out.
- From realSatoshi_:
What’s the primary weakness of Bitcoin Cash?It may not be perfect.