Bitcoin Cash (BCH) Closes Last Hour Up $1.34, Now Sits at $338.88
Relative to other instruments in the top cryptos asset class, bitcoin cash ranked 3rd since yesterday in terms of percentage price change.
Bitcoin Cash
(Last Updated November 24, 2020)
Hello! This is the news page for Bitcoin Cash. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On BCH, there is currently an uptrend on the 90 and 14 day timeframes.
BCH Moving Averages
Across several time periods between 20 and 200 days, the trend on BCH has remained consistently bullish. Moreover, today we saw the 100 moving average turn bullish.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, BCH’s price is up $18.37 (6.05%) from the week prior. Moreover, note that the weekly chart shows that BCH has seen 3 straight up weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. BCH’s weekly price action over the past 52 weeks can be seen via the chart below.
Bitcoin Cash (BCH) Closes Last Hour Up $3.16; 2 Day Up Streak Broken, Price Base in Formation Over Past 30 Days
But now the hard fork concept just got thrown in there.
Bitcoin Cash (BCH) Price Near $289.52; Price Base in Formation Over Past 30 Days, 2 Day Up Streak Snapped
Out of the 7 instruments in the top cryptos asset class, bitcoin cash ended up ranking 6th for the day in terms of price change relative to the previous day.
Bitcoin Cash (BCH) Price Near $264.07; 2 Day Down Streak Snapped, Crosses 20, 50, 100 and 200 Day Moving Averages
The price move occurred on volume that was up 30.81% from the day prior, but down 14.63% from the same day the week before.
Bitcoin Cash (BCH) Price Near $256.03; Pin Bar Pattern Appearing on Chart, Heads Down For the 2nd Consecutive Day
Or to view things another way, note that out of the past 30 days bitcoin cash’s price has gone down 16 them.
Bitcoin Cash (BCH) Closes Prior Hour Up 0.19%; Heads Down For the 2nd Consecutive Day, Pin Bar Pattern Appearing on Chart
Out of the 7 instruments in the top cryptos asset class, bitcoin cash ended up ranking 6th for the day in terms of price change relative to the day prior.
Bitcoin Cash (BCH) Closes Prior Hour Up 0.57%; 2 Day Up Streak Snapped, Crosses 50, 100 and 200 Day Moving Averages
Live by the fork, die by the fork you scammers!
Bitcoin Cash (BCH) Closes Prior Hour Up 0.07%; Crosses 100 and 200 Day Moving Averages, Price Base in Formation Over Past 14 and 90 Days, Heads Up For the 2nd Day In A Row
Also of note is that on the 14 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Bitcoin Cash (BCH) Closes Prior Hour Up 0.85%; 3 Day Down Streak Broken, Breaks Above 50 Day Average, is Inching Close to 50 and 200 Day Averages
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.
Bitcoin Cash (BCH) Price Near $254.13; Heads Down For the 2nd Straight Day, Price Base in Formation Over Past 30 and 90 Days
It’s been a feast for bears operating on an hourly timeframe, as bch has now gone down 4 of the past 5 hours.