The Hourly View for BCH
Last Updated May 23, 2021, 02:045 GMT
Currently, BCH’s price is down $-3.54 (-0.55%) from the hour prior. BCH has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend 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 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
Bitcoin Cash is down 8.52% ($58.7) since the day prior, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 27.06% from the day before — and down 0.23% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 6th since the day prior in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
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 8 them.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From DocumentingBTC:
@elonmusk @BTCsessions @TeslaGong @wintonARK There have been 5 major #Bitcoin hard forks that had an increased block size, attempting to scale with one layer.Check the current price of Bitcoin XT, Bitcoin Unlimited, Bitcoin Classic, Bitcoin2x and Bitcoin Cash.The freest market in human history has decided the winner.
- From STXRBOY999:
Let’s save all our money for crypto this weekend in cash we have a flash crash, pick up some $BCH (Bitcoin Cash) and make an easy 100% after it rises! How does that sound?
- From Simonbruzzi:
@KimDotcom Bitcoin Cash of course. Monero, as a decentralised network made a huge step forward with randomX, creating a truly asic resistant network. No giant mining farms full of asics in China mining Monero. It’s being mined everywhere secretly on CPU’s.
As for a news story related to Bitcoin Cash getting some buzz:
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.