Bitcoin Cash (BCH) Up $1.63 Over Past 4 Hours, Entered Today Up 2.69%; in a Downtrend Over Past 30 Days

Bitcoin Cash 4 Hour Price Update

Updated March 26, 2020 03:17 AM GMT (11:17 PM EST)

Bitcoin Cash is up 0.74% ($1.63) since 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. Congrats to its holders!

Bitcoin Cash Daily Price Recap

Bitcoin Cash closed yesterday up 2.69% ($5.97); this denotes the 2nd day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 27.68% from the day before — and down 49.9% 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. Below is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

The first thing we should note is that Bitcoin Cash is now close to its 20 day averages, located at 231.21 respectively, and thus may be at a key juncture along those timeframes. 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. 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. 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 another vantage point, consider that Bitcoin Cash’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From SuperCryptoBrs:

    I made a list of potential alt coins to mine as a starting point: Ethereum, Bitcoin Cash, BSV, maybe even some Doge, Litecoin, or even Monero. Heck Monero would be easy. So now what?ASICs were beyond me at this point (because expensive), so a GPU rig had to be the route.

  • From CampbellOsborn:

    @Crypto_Bitlord @PeterSchiff According to one version, miners could specifically turn off equipment in order to increase the efficiency of block mining in the future. This is possible if you deceive the Bitcoin Cash mechanism, which is used to fine-tune the complexity of the asset network.

  • From CryptoGulp:

    Top 5 Cryptocurrencies – Current Prices$BTC: $6,424.01 – Bitcoin 🔻 -1.82% ☄☄
    $ETH: $133.63 – Ethereum 🔻 -1.01% ☄
    $XRP: $0.157448179 – XRP 🔻 -0.81%
    $USDT: $1.00 – Tether 🔻 -0.33%
    $BCH: $219.58 – Bitcoin Cash 🔻 -1.06% ☄