The Hourly View for BCH
Last Updated June 1, 2021, 07:016 GMT
Currently, Bitcoin Cash’s price is down $-3.85 (-0.55%) from the hour prior. The hourly chart shows that Bitcoin Cash has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 200 hour moving averages, resulting in them so that price is now turning below them. 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 closed yesterday up 6.25% ($41.34); this denotes the 2nd straight day an increase has occurred. The change in price came along side change in volume that was up 10.36% from previous day, but down 52.79% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 6th since yesterday in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin Cash’s price has gone down 8 of the previous 14 trading 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 basedkarbon:
Seriously tho, my favorite replyguy was the dude telling me the bull market can’t possibly be over because XRP and Bitcoin Cash haven’t pumped to new all time highs. Like those are his benchmark assets
- From AntAmerican88:
@KimDotcom I don’t understand why KimDotcom has been receiving so much backlash over his support for Bitcoin Cash? Don’t get me wrong, I love BTC but as a regular person with a small amount of money, it’s wayyy more feasible for me to buy and use BCH. I can’t afford BTC.
- From cryptygirl:
@El_Crypto_Chapo DigiByte is definitely one with solid tech and very little marketing, making it completely undervalued. 💁♀️ DigiByte tech called DigiShield saved Ethereum, Dogecoin, Zcash, Bitcoin Cash, and 2 dozen other blockchains from chain freezing.
As for a news story related to Bitcoin Cash getting some buzz:
Source of Image: link (modified) It is still inevitable that Bitcoin will remove the power of finance from governments control and empower the individual….Source of Image Bitcoin progressed and upgraded but not with its old BTC version….Meanwhile, the real Bitcoin progressed and advanced to meet demand within Bitcoin Cash….Bitcoin Cash is the epitome of financial progress and inspires a productive future far from big governments.