The Hourly View for BCH
Last Updated March 19, 2021, 08:016 GMT
At the moment, Bitcoin Cash’s price is up $4.55 (0.86%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, with price now being above them. 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
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 527.96 US dollars, down 2.49% ($13.47) since the previous day. The change in price came along side change in volume that was up 9.59% from previous day, but down 40.86% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since the previous day in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, Bitcoin Cash crossed below its 50 day moving average yesterday. 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 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 6 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From california_hodl:
A real-life friend reached out to me today saying he was googling how to buy bitcoin.He went to bitcoin dot com & got all confused.I told him thats for an inposter coin called Bitcoin cash. They are not thay same.I feel bad for all the nocoiners that will make this mistake
- From MarcFalzon:
Full steam ahead! Secured a UX designer. Hiring an engineer. I can’t wait to show you all my new Bitcoin Cash project. Hope to get an alpha within 6 months. Details later!
- From TraderXenomorph:
Bitcoin is not the dominate coin. Bitcoin cash is making more daily transactions and is the future of Bitcoin. I’m very bullish on this asset. Price target of $3k
For a longer news piece related to BCH that’s been generating discussion, check out:
Here we can see that Bitcoin’s daily…