Bitcoin Cash (BCH) Price Near $558.41; Moves Up For the 3rd Straight Day
Out of the 7 instruments in the top cryptos asset class, bitcoin cash ended up ranking 3rd for the day in terms of price change relative to the previous day.
Bitcoin Cash
(Last Updated March 16, 2021)
Hello! This is the news page for Bitcoin Cash. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
As for trends on BCH, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 and 14 day timeframes. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
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 20 moving average turn bullish.
Below is a chart showing BCH’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, BCH’s price is down $-69.95 (-11.78%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 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 Prior Hour Up 0.45%; Heads Up For the 2nd Consecutive Day, Nears 20 Day Moving Average, Breaks Above 20 Day Average
This move happened on lower volume, as yesterday’s volume was down 11.11% from the day before — and down 45.95% from the same day the week before.
Bitcoin Cash (BCH) Closes Prior Hour Up 0.71%; 2 Day Down Streak Broken, Price Base in Formation Over Past 30 Days
Also of note is that on a 30 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) Closes Prior Hour Down -0.48%; Heads Down For the 2nd Day In A Row, Price Base in Formation Over Past 30 Days
Ethereum has had thousands of engineers for years building tooling and building community—and arguably a religion (think about this for a sec).
Bitcoin Cash (BCH) Closes Last Hour Down $-0.40; Price Base in Formation Over Past 30 Days, in a Downtrend Over Past 14 Days
Ethereum has had thousands of engineers for years building tooling and building community—and arguably a religion (think about this for a sec).
Bitcoin Cash (BCH) Closes Last Hour Down $-3.71; Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days, Moves Down For the 2nd Consecutive Day
This move happened on lower volume, as yesterday’s volume was down 77.29% from the day before — and down 45.3% from the same day the week before.
Bitcoin Cash (BCH) Closes Prior Hour Down -0.48%; Pin Bar Pattern Appearing on Chart, 2 Day Down Streak Snapped
Importantly, after a hard fork, two decentralized networks cannot natively send messages between each other since they have no backward compatibility, unlike a soft fork….
Bitcoin Cash (BCH) Price Near $508.01; Heads Down For the 2nd Consecutive Day, Price Base in Formation Over Past 30 Days
As for how volume fared, yesterday’s volume was up 75.95% from the previous day (monday), and up 108.12% from tuesday of the week before.
Bitcoin Cash (BCH) Closes Prior Hour Up 0.71%; 2 Day Up Streak Snapped, Crosses 20 Day Moving Average
This is a reversal of the price action on the previous hour, in which price moved down.