Bitcoin Cash (BCH) Closes Prior Hour Up 0.76%; in an Uptrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart, Moves Up For the 2nd Day In A Row

The Hourly View for BCH

Last Updated September 15, 2021, 15:16 GMT

At the moment, Bitcoin Cash’s price is up $4.85 (0.76%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 100 and 50 hour changed directions on BCH; they are now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin Cash Daily Price Recap

Bitcoin Cash is up 0.61% ($3.33) since the day prior, marking the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was up 37.52% from previous day, but down 38.06% from the Tuesday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since the day prior in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.

BCH

Bitcoin Cash Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 7 of the previous 10 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

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 simplykashif:

    Bitcoin Cash, #Litecoin, and other forks came into existence on the pretext that Bitcoin is slow and expensive for micropayments.Now after the success of the lightning network on #Bitcoin. Why do they even exist?

  • From MarcFalzon:

    (Also for those that dont get the joke, Bitcoin and Bitcoin Cash have no company staff. They are decentralized currencies.)

  • From CryptoFusionFX:

    Bitcoin Cash, EOS, XRP – have not yet broken all time highs.Will old equity flow into some of these original majors as gains in the first movers top out?