Bitcoin Cash (BCH) Down $7.81 Over Past 4 Hours, Started Today Up 5.91%; Breaks Above 50 and 100 Day Averages

Bitcoin Cash 4 Hour Price Update

Updated May 31, 2020 11:19 PM GMT (07:19 PM EST)

237.86 (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 down 3.18% ($7.81) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the previous 4 hours in terms of percentage price change.

Bitcoin Cash Daily Price Recap

252.36 (USD) was the opening price of the day for Bitcoin Cash, resulting in yesterday being one in which price moved up 5.91% ($14.09) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 26.73% from the day prior, and up 38.33% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to yesterday. Here is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

First things first: Bitcoin Cash crossed above its 50 and 100 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. 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. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 17 them.

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 Scotland_BCH:

    As it stands, Bitcoin Cash is the only viable cryptocurrency working towards becoming global peer to peer electronic cash. I am not a maximalist though and I see interesting projects throughout this space. However, in terms of becoming actual money, it’s $BCH for me.

  • From BCHcain:

    To any of my friends reading this, learn about Bitcoin Cash. I would buy a small amount and try using it to see how bitcoin is supposed to work.

  • From monsterbitar:

    @CryptoWendyO In 2015 this was not a problem. In 2020, the Bitcoin Cash (BCH), the bitcoin fork that still works like money, still doesn’t have this problem.I remember paying for 15 minutes of VPN at @mullvadnet back then, and it just worked. Like it was supposed to.