Bitcoin Cash 4 Hour Price Update
Updated March 26, 2020 05:35 AM GMT (01:35 AM EST)
Bitcoin Cash came into the current 4 hour candle up 0.74% ($1.63) from the open of the last 4 hour candle, marking the 2nd candle in a row an increase has occurred. Bitcoin Cash outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle.
Bitcoin Cash Daily Price Recap
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 220.79 US dollars, down 3.1% ($7.07) since yesterday. The change in price came along side change in volume that was up 8.59% from previous day, but down 14.35% from the Wednesday of last week. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
Coming into today Bitcoin Cash is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 14 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:
- From RyanSAdams:
“XRP the standard””Money legos””Bitcoin is digital gold””ETH is money””Ethereum killers””DeFi””HODL””stacking sats””Bitcoin cash””Maximalist””Blockchain not Bitcoin””The interchain””Litecoin is digital silver”Which crypto memes am I missing?
- From MarcDeMesel:
A bitcoiner isn’t what it used to be. Applauding money printing to “save the economy”, how low can u go to support your bags? Luckily there’s still Bitcoin Cash
- From Dhammanthebeach:
@TradingDime @STOCKPILE_GA @johnlucyondeck @roysebag Saying Bitcoin Cash is added to the Bitcoin supply is like saying copper is added to the gold supply because they are both metals.