Bitcoin Cash (BCH) Price Near $643.61; in a Downtrend Over Past 14 Days, Heads Up For the 3rd Day In A Row

The Hourly View for BCH

Last Updated June 15, 2021, 05:016 GMT

Currently, Bitcoin Cash’s price is down $-1.85 (-0.29%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 closed yesterday up 4.51% ($27.67); this denotes the 3rd day in a row an upward move has occurred. The change in price came along side change in volume that was up 37.12% from previous day, but down 13.75% from the Monday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the day in terms of price change relative to yesterday. Here is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

Coming into today Bitcoin Cash is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 additional context, note that price has gone down 17 out of the past 30 days.

Overheard on Twitter

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

  • From ChrisOfRei:

    @BTC_Archive Simply why?? Just use Bitcoin Cash on chain and forget about the workaround with lightning. #BCH is the real Bitcoin, just read the whitepaper.

  • From notgrubles:

    When it’s coming from the guy running the “Bitcoin Cash Investment Trust” then you know it’s a bad omen for altcoins.

  • From palpatean:

    Bitcoin Cash still has a higher marker cap then solana and you still havent bought sol. Why are you like this?