The Hourly View for BCH
Last Updated September 7, 2021, 00:016 GMT
Currently, Bitcoin Cash’s price is down $-0.89 (-0.11%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Bitcoin Cash has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Cash Daily Price Recap
Bitcoin Cash is up 0.61% ($3.33) since yesterday, 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 Monday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 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
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From lemunche:
@CBoisss @vergecurrency @BovadaOfficial I got a response from my email saying use the options they offer ( bitcoin, bitcoin cash, maybe litecoin? ) and to use something called digitalcoinbuy to buy those crytpos. I think $xvg beats those options to get in the game. Reach out if you use bovada and like verge
- From moon_shine15:
Historically it applied to the various metals that different coins were made out of . Presently, can be applied to the inflationary tendency of fiat currencies v. the fixed supply/effective deflation of bitcoin/bitcoin cash.
- From whiterabbitcc2:
Its pretty clear A LOT of people are wising up very quickly Bitcoin Cash is the REAL BITCOIN! #BCHfortheWIN! #BCHforEveryone!
In terms of news links for Bitcoin Cash here’s one to try:
The financial giant has now selected five cryptocurrencies with Bitcoin Cash included and offers them to individual retail investors (Bloomberg)….It is one of the top brand names in the crypto field and has been included by most financial institutions that offer investment exposure in cryptocurrencies….Institutional and retail investors can find Bitcoin Cash available from regulated investing services like: Grayscale, JPMorgan, 21Shares – European ETP Established payment facilitators like PayPal are always including Bitcoin Cash as a top choice between the cryptocurrencies they select.