Bitcoin Cash (BCH) Price Near $744.52; Breaks Below 100 Day Average, Pin Bar Pattern Appearing on Chart

The Hourly View for BCH

Last Updated May 28, 2021, 02:045 GMT

At the time of this writing, BCH’s price is up $3.62 (0.49%) from the hour prior. This is the 2nd straight hour BCH has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

The back and forth price flow continues for Bitcoin Cash, which started today off at 749.64 US dollars, down 1.94% ($14.86) from the day prior. This move happened on lower volume, as yesterday’s volume was down 13.82% from the day before — and down 54.11% from the same day the week before. 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 day prior. Here is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed below its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Bitcoin Cash’s price has gone down 9 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

  • From DavidShares:

    @JasonYanowitz He’s talking about PAYMENTS, like Bitcoin Cash. BCH continues on this same vision, and is the upgraded version of Bitcoin. BTC is not for payments anymore, and was forked to be digital gold and not intended for payments.

  • 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.

  • From thecryptokidd:

    Bitcoin Cash is the most widely accepted cryptocurrency around the world. When it becomes the most commonly used payment method for all goods and services, everyone gains freedom. #bitcoincash #bch

In terms of news links for Bitcoin Cash here’s one to try:

Best Bitcoin Cash Wallets: Your Guide to BCH wallets

This category includes paper wallets and hardware wallets….The Bitcoin.com 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.