Bitcoin Cash 4 Hour Price Update
Updated June 08, 2020 01:35 AM GMT (09:35 PM EST)
Bitcoin Cash is up 0.4% ($1.02) since the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Bitcoin Cash Daily Price Recap
Bitcoin Cash entered today at $253.64, up 0.16% ($0.4) from the previous day. The price move occurred on stronger volume; specifically, yesterday’s volume was up 103.49% from the day prior, and up 48.6% from the same day the week before. Out of the 5 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. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Coming into today the current price of Bitcoin Cash is sitting close to its 20, 50 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 16 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From junderwood4649:
@nopara73 @jimmyhomma ugh… it’s not a “bug in segwit”… Bitcoin Cash is also affected but they don’t have segwit. BIP143 sighash != segwit.That’s like saying transaction malleability is a “bug in bitcoin”…It’s a mere result of a design decision that was overlooked and can easily be mitigated
- From bitcoininfo:
The @SimpleLedger protocol is a token system built on top of Bitcoin Cash. It is comparable with Ethereum’s ERC-20 – transaction fees (gas) are lower on Bitcoin Cash
- From BCHcain:
When normal people start to understand what Bitcoin Cash can make possible, things are going to get lit.
In terms of news links for Bitcoin Cash here’s one to try:
However, she can do another transaction of 5 bitcoins with Bob but this time with transaction fees which are high enough to incentivize the miners….The idea is to motivate the miners to put segwit activation in the blocks that they mine for it to be part of the system….The hash war is basically a civil war between two rival factions within the Bitcoin Cash community: On November 2018, Bitcoin Cash went through a hard-fork and split into Bitcoin Cash ABC and Bitcoin Cash SV….Well, there are two reasons: Block Size Bitcoin ABC wants a block limit of 32 mb while Bitcoin SV wants a block limit of 128 mb, i.e. nearly 4 times that of the upgraded Bitcoin ABC block size….#3 ABC vs SV Nodes Let’s look at…