Bitcoin Cash 4 Hour Price Update
Updated July 26, 2020 01:36 AM GMT (09:36 PM EST)
Bitcoin Cash came into the current 4 hour candle up 1.03% ($2.56) from the open of the previous 4 hours, marking the 4th candle in a row an increase has occurred. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous 4 hours in terms of percentage price change.
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 250.98 US dollars, up 6.56% ($15.46) since yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 117.97% from the day prior, and up 342.1% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above its 100 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From guydbennett:
@Mandrik @hodl_american @brian_armstrong I gotta go with Bitcoin Cash. It not only has Bitcoin in the name but you can also use it as cash in any 1 of the 5 locations that accept it. This is the way Satoshi Nakamoto told Roger Ver he intended it to be all along before he forked his own Satoshi Vision coin.
- From paolo_aga:
BitcoinABC policy is causing a lot of uncertainity, it’s stress-testing all my confidence in BCH. Bitcoin Cash needs as more decentralization as possible in order to get over this kind of troubles. Over 97% of mining power thrown at ABC is simply too much.
- From kurtwuckertjr:
@howelzy The Bitcoin Cash community did leave ABC in 2018. Exchanges running closed source ABC software with hidden deep reorg protection rebranded us as BSV.
For a longer news piece related to BCH that’s been generating discussion, check out:
Kripto Araştırma Ekibi olarak tanımlanan bir araştırma ekibi kısa süre önce Bitcoin ve altcoin’ler için aşırı yüksek seviyeleri tahmin eden bir rapor yayınladı….Bu olduğunda, bir sonraki hareket yönlerini belirlemek için çoğunlukla Bitcoin fiyatına dayanan altcoin’ler bu trendi takip edecektir.