Bitcoin Cash (BCH) Up $0.62 On 4 Hour Chart, in a Downtrend Over Past 30 Days; Price Base in Formation Over Past 90 Days

Bitcoin Cash 4 Hour Price Update

Updated July 01, 2020 11:19 PM GMT (07:19 PM EST)

224.02 (USD) was the opening price of the four-hour candle for Bitcoin Cash, resulting in the previous 4 hours being one in which price moved up 0.28% ($0.62) from the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

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 222.22 US dollars, down 1.34% ($3.01) since the previous day. This move happened on lower volume, as yesterday’s volume was down 24.11% from the day before — and down 12.49% 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. Below is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

Notably, Bitcoin Cash is now close to its 20 day averages, located at 233.17 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin Cash’s price has gone down 7 of the previous 10 trading 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 ElectrumSV:

    1. I don’t know where development on Bitcoin SV is going to end up going. Where I thought it was going to go when Craig’s database was forked by first Bitcoin Core, then Bitcoin Cash, has changed many times. Many times because of ideas and concepts Craig has introduced. — rt12

  • From Phatyo:

    @HighlandRocket I feel like i missed the train with bitcoin hype, so i just buy and keep. Bitcoin cash I buy low and sell high and stranger all of my gains into tezos and stack the coin ( collect interest ) all on coinbase. i might make a video on this if you’re interested 😁

  • From CryptoSolu:

    Coinbase offers only a limited number of coins, among them Bitcoin, Ethereum, and Bitcoin cash are the major offerings. One important factor that is
    favored by most crypto investors is the fact that it allows purchasing the currencies in either US dollars,
    EUROs, or GBP.#Btc