Bitcoin Cash (BCH) Down $2.13 On 4 Hour Chart; Moves Up For the 2nd Day In A Row

Bitcoin Cash 4 Hour Price Update

Updated June 09, 2020 03:20 AM GMT (11:20 PM EST)

The back and forth price flow continues for Bitcoin Cash, which started the current 4 hour candle off at 253.29 US dollars, down 0.83% ($2.13) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Bitcoin Cash Daily Price Recap

Bitcoin Cash came into today up 0.65% ($1.65) from the open of the previous day, marking the 2nd day in a row it has gone up. This move happened on lower volume, as yesterday’s volume was down 38.89% from the day before — and down 13.03% 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. The daily price chart of Bitcoin Cash below illustrates.

Bitcoin Cash Technical Analysis

The first thing we should note is that the current price of Bitcoin Cash is sitting close to its 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard on Twitter

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

  • From paolo_aga:

    @CoinCornerDanny BTC is soft-forked into a crippled coin that you can just buy hoping to sell it for more fiat later. Bitcoin Cash BCH is becoming the “peer to peer electronic cash system” for the world. I still have some of the BCH I mined in 2011. This is why I Like BCHπŸ’š and dislike BTC.

  • From thechaz:

    You being good at cooking does not make you a chef.Being good at cooking means that you’re a good cook.Being a chef is about managing a kitchen in a restaurant.Calling yourself a chef when you’re a home cook is like Bitcoin Cash calling itself Bitcoin. Fight me.

  • From WhaleTrades:

    πŸ“‰ πŸ’° $3,351,403#bitcoin SHORT @ $9,507.66 [07/06/20 13:10:35] 🏒 :BitMEX | 🧦: $XBTUSD
    πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°πŸ’°It’s NOT BCASH, it’s Bitcoin Cash! – Raging Roger Ver

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

Bitcoin Cash nears breakout at $260-mark – AMBCrypto

Published on By After breaching the psychological level, Bitcoin Cash was being traded at $253, at press time….Bitcoin Cash [BCH] Hourly Chart: Source: BCH/USD on TradingView Bitcoin Cash has followed a steady upward trend.