The Hourly View for BCH
Last Updated May 26, 2021, 02:046 GMT
Currently, BCH’s price is up $16.67 (2.27%) from the hour prior. This is the 2nd consecutive hour BCH has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on BCH; it is now pointing down. 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
The back and forth price flow continues for Bitcoin Cash, which started today off at 719.16 US dollars, down 4.61% ($34.72) from yesterday. The price move occurred on stronger volume; specifically, yesterday’s volume was up 1.08% from the day prior, and up 44.99% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. The daily price chart of Bitcoin Cash below illustrates.
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. 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 additional context, note that price has gone down 7 out of the past 10 days.
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 KimDotcom:
🧵The #LightningNetwork Thread 🧵Crypto enthusiasts ask me why I don’t support Lightning instead of Bitcoin Cash. I prefer the BCH blockchain because nobody owns the blockchain. It’s free of patents. That’s not the case with Lightning.
- From charliebilello:
Crypto, last 24 hours…
Bitcoin $BTC: +12%
Stellar $XLM: +20%
Dogecoin $DOGE: +21%
Cardano $ADA: +22%
Solana $SOL: +23%
Ethereum $ETH: +27%
Chainlink $LINK: +30%
Litecoin $LTC: +31%
XRP $XRP: +31%
Polkadot $DOT: +32%
Binance $BNB: +35%
Bitcoin Cash $BCH: +37%
Uniswap $UNI: +51%
- From KimDotcom:
@wildwalker84 @elonmusk The negativity around BCH was created by those at Bitcoin Core who fear Bitcoin Cash. When you educate yourself about the benefits of BCH you quickly realize that the negative narrative isn’t justified.
In terms of news links for Bitcoin Cash here’s one to try:
Bitcoin Cash is almost free to use Use your money at almost no cost whatsoever with Bitcoin Cash’s micro-fees….Use Bitcoin Cash every day, as often as you like….Bitcoin Cash grows with you and your business….Bitcoin Cash transfers your funds across the globe in seconds Send any amount of money home to your loved ones, pay bills and investments in seconds without paperwork or arbitrary limits using Bitcoin Cash….Bitcoin Cash is cross-border money for everyone, everywhere.