Bitcoin Cash 4 Hour Price Update
Updated June 27, 2020 01:35 AM GMT (09:35 PM EST)
The choppiness in the recent four-hour candle price action of Bitcoin Cash continues; to start the current 4 hour candle, it came in at a price of 229.89 US dollars, down 0.22% ($0.51) since the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the last 4 hour candle in terms of percentage price change.
Bitcoin Cash Daily Price Recap
Bitcoin Cash closed the previous day down 0.73% ($1.7); this denotes the 4th day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 26.74% from the day before — and down 19% 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. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, Bitcoin Cash is now close to its 20, 50 and 100 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From Egon_01:
@rogerkver @Cointelegraph @CoinDesk @nytimes @washingtonpost You have to ask yourself, why would you need additional software and hardware like Lightning Network to do a simple payment. Bitcoin Cash embraces the philosophy of simplicity and direct access to the BCH network without relying on third parties like Lightning Network.
- From HardTruth2020:
@funkybadchad @jeffnotwithaph @AlexCobb_ If Bitcoin Cash and BSV can be worth hundreds of dollars XRP certainly can. When many of these projects die that money is coming right at us. It just has to be higher than $10 before I get a 488 or Tributo, Lol.
- From thebitcoinrabbi:
@La__Cuen Mainstream adoption could mean that it’s mainstream to have a bitcoin investment/savings account, doesn’t imply merchant adoption. That’s really more of a bitcoin cash narrative
As for a news story related to Bitcoin Cash getting some buzz:
I joined BCH because of the kindness and commitment from the community but what it has become over the last 6 months has just become very disheartening.” This author came up-front-and-personal with her sentiment, happening myself into a BCH project’s Telegram group, attempting “to clarify distinctions still muddy in my soft brain,” I posted there….Spice Queen: My feeling about BCH right now is disappointment, anger, and also a bit of confusion….I joined BCH because…