Bitcoin Cash (BCH) Closes Prior Hour Down -0.86%; 3 Day Down Streak Ended
Bitcoin = gold 2.0.
Bitcoin Cash
(Last Updated January 23, 2021)
Welcome to the news page for Bitcoin Cash (BCH). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On BCH, there is currently an uptrend on the 90 and 30 day timeframes.
BCH Moving Averages
BCH’s moving averages suggest the trend on a number of time horizons is bullish.
Below is a chart showing BCH’s price with its moving averages.
The View From the Weekly Timeframe
Currently, BCH’s price is down $-48.95 (-9.99%) from the week prior. Moreover, note that this is the 2nd week in a row BCH has seen its price head down. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows BCH’s price action over the past year.
Bitcoin Cash (BCH) Closes Last Hour Up $2.62; Heads Down For the 3rd Straight Day, Crosses 20 Day Moving Average
What do you think about the singapore-based exchange bit.com launching bitcoin cash perpetual swaps and options?
Bitcoin Cash (BCH) Closes Prior Hour Down -1.55%; Crosses 20 Day Moving Average, Moves Down For the 3rd Straight Day, in an Uptrend Over Past 30 Days
Relative to other instruments in the top cryptos asset class, bitcoin cash ranked 6th since the previous day in terms of percentage price change.
Bitcoin Cash (BCH) Closes Prior Hour Up 0.17%; Heads Down For the 2nd Day In A Row, Price Base in Formation Over Past 14 Days, But Still in an Uptrend Over Past 90 Days
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Bitcoin Cash (BCH) Closes Prior Hour Up 0.07%; in an Uptrend Over Past 90 Days, 3 Day Down Streak Ended
No one can close bitcoin cash but bank accounts can be seized or charged taxes even in pandemic times!
Bitcoin Cash (BCH) Closes Prior Hour Down -0.34%; in an Uptrend Over Past 90 Days, Moves Down For the 2nd Consecutive Day, Pin Bar Pattern Appearing on Chart
For another vantage point, consider that bitcoin cash’s price has gone up 18 of the previous 30 trading days.
Bitcoin Cash (BCH) Closes Last Hour Down $-3.56; 2 Day Up Streak Broken
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Bitcoin Cash (BCH) Closes Last Hour Up $6.52; Heads Up For the 2nd Day In A Row
This move is a reversal from the hour prior, which saw price move down.
Bitcoin Cash (BCH) Price Near $514.27; in an Uptrend Over Past 14 Days, Moves Up For the 2nd Day In A Row
The price move occurred on volume that was up 0.43% from the day prior, but down 42.09% from the same day the week before.
Bitcoin Cash (BCH) Price Near $491.27; 2 Day Down Streak Broken
This move happened on lower volume, as yesterday’s volume was down 27.62% from the day before — and down 13.26% from the same day the week before.