Bitcoin Cash (BCH) Closes Last Hour Down $-1.98; Moves Down For the 2nd Day In A Row

The Hourly View for BCH

Last Updated May 29, 2021, 02:045 GMT

Currently, BCH’s price is down $-1.98 (-0.28%) from the hour prior. BCH has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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 came into today down 8.08% ($60.55) from the open of yesterday, marking the 2nd day in a row it has gone down. The price move occurred on volume that was up 9.54% from the day prior, but down 39.09% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Bitcoin Cash’s price has gone down 7 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From SterlinLujan:

    I am a huge fan of freedom! In order to achieve greater amounts of it, we need a crypto like bitcoin cash to pull society out of bondage via more utilization, more adoption, and more raw usage. #BCH

  • From TheOnlyFronk:

    @CoinDesk @BitPay @spair Bullshit. Nobody spends bitcoin because the fees are insane, and bitcoin cash is a ghost town with nothing going on. @bitpay can you confirm these details? We all know #dogecoin is the most used spending currency already in this very early stage of adoption.

  • From TheBCHPodcast:

    @lexfridman @VitalikButerin Ask him about Bitcoin Cash. He has recently been posting in the Bitcoin Cash subreddits, and BCH will soon be implementing smartBCH (Ethereum but on Bitcoin Cash), and I don’t think he’s made any public comment on that plan.

As for a news story related to Bitcoin Cash getting some buzz:

Best Bitcoin Cash Wallets: Your Guide to BCH wallets

This category includes paper wallets and hardware wallets….The wallet is probably the most used Bitcoin Cash mobile wallet with over 16 million wallets created….The Electron Cash wallet is without a doubt the most popular Bitcoin Cash desktop wallet….All these privacy options make it the go to desktop wallet for the privacy-minded Bitcoin Cash user….Electron Cash also has a mobile wallet for both android and IOS but they are not on par with the capabilities of the desktop wallet currently.