Bitcoin Cash Price Recap
Bitcoin Cash is up 2.16% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. The price move occurred on stronger volume; specifically, yesterday’s volume was up 19.45% from the day prior, and up 77.64% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class. The price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
Notably, Bitcoin Cash is now close to its 20 day averages, located at 427.93 respectively, and thus may be at a key juncture along those timeframes. 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 90 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 10 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From im_uname:
Bitcoin ABC has just published code that facilitates malicious attacks on the Bitcoin Cash network. It is strongly advised that miners and exchanges do not upgrade to this unsafe piece of software, and wait for alternatives.
- From ematiu:
What the fuck Bitcoin Cash people?This is no popularity contest. Compromise. Accept to be wrong. Accept to be corrected. We need each other.
- From derykmakgill:
FWIW, I still don’t think IFP is a ‘tax.’ I just think the current proposal is an insane, economically illiterate money grab that will destroy Bitcoin Cash.
As for a news story related to Bitcoin Cash getting some buzz:
The manner in which the centralized checkpointing was executed throughout the “war” should be a serious risk to any developer considering building on top of Bitcoin ABC….Same with Bitcoin….And I only build on Bitcoin….And that is Bitcoin….At this point I’m sure I don’t have to clarify what I mean by “Bitcoin”, but here you go: Bitcoin SV is the Real Bitcoin….Monopoly only exists in a Keynesian world or under crony capitalism, both of which Bitcoin Cash ABC has become.