Bitcoin Cash (BCH) Price Near $581.23; 2 Day Down Streak Ended, in a Downtrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for BCH

Last Updated June 13, 2021, 02:045 GMT

At the moment, BCH’s price is down $-3.82 (-0.65%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash Daily Price Recap

The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 579.99 US dollars, up 0.52% ($3.01) since the previous day. The change in price came along side change in volume that was up 4.62% from previous day, but down 31.17% from the Saturday of last week. 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. The daily price chart of Bitcoin Cash below illustrates.

Bitcoin Cash Technical Analysis

The first thing we should note is that Bitcoin Cash is now close to its 200 day averages, located at 596.87 respectively, and thus may be at a key juncture along those timeframes. 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. 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 18 of the previous 30 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

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

  • From btcfork:

    @kyletorpey @CryptoWyvern The reality is that the Lightning Network still does not work and is no scaling solution on BTC.While Bitcoin Cash $BCH is able to handle the growing load of a network that can again grow freely, showing people all over the 🌍 what Bitcoin was really supposed to be.P2P Cash.

  • From CryptoCobain:

    @icebergy_ The only real options are Doge, Zec, Litecoin, and Bitcoin Cash but ZEC is not really “big” it’s like 66th on Coingecko

  • From DavidShares:

    @PeterMcCormack @wtogami It didn’t say BTC at all. So it must mean that it includes all Bitcoin forks like Bitcoin Cash #BCH 🤙

For a longer news piece related to BCH that’s been generating discussion, check out:

About Bitcoin Cash BCH |

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