Bitcoin Cash 4 Hour Price Update
Updated September 18, 2020 11:20 AM GMT (07:20 AM EST)
Bitcoin Cash is up 1.07% ($2.51) since the previous 4 hours, marking the 3rd straight candle it has gone up. On a relative basis, the previous 4 hours were pretty good: Bitcoin Cash bested all 5 of the assets in the Top Cryptos class 🙂
Bitcoin Cash Daily Price Recap
The back and forth price flow continues for Bitcoin Cash, which started today off at 233.17 US dollars, up 1.04% ($2.4) from the previous day. The price move occurred on volume that was down 15.75% from the day prior, but up 4.78% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the previous day in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The first thing we should note is that the current price of Bitcoin Cash is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 up 15 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From BitcoinCashCom2:
@satrianakamoto @rogerkver You can’t do this with BTC anymore due to high fees, but you can do it with Bitcoin Cash! Trolls like yourself makes me want to repeat those stickers in my country! Thanks for motivating me to do it! =D
- From tronix_on:
@rogerkver Dude, you’re just confusing people. They think they are getting real bitcoin, and then later on they are going to find out they got a dud. Change the name of bitcoin cash, it’s not bitcoin.
- From MrStyzz:
@rogerkver What the problem is bitcoin cash even solving? Fast transactions? We have that use your MasterCard or Visa. We don’t need it.The point is to circumvent the banks, nothing does that better than BTC.
As for a news story related to Bitcoin Cash getting some buzz:
Bitcoin Cash has continued its troublesome year of price action as it struggles to trade above the $248 level of resistance….In terms of immediate price action, if Bitcoin Cash can begin to climb back to $247 it may well take aim at the $282 level of resistance before the close of the month, but what seems more likely is a re-test of the $204 level of support.