The Hourly View for BCH
Last Updated July 23, 2021, 06:016 GMT
Currently, Bitcoin Cash’s price is down $-2.75 (-0.62%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Bitcoin Cash has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 is up 2.75% ($11.85) since the previous day, marking the 2nd consecutive day it has gone up. The change in price came along side change in volume that was up 117.66% from previous day, but down 22.68% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
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 6 out of the past 10 days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From BitcoinCashCom2:
The wonderful thing about Bitcoin Cash is that I don’t have to deal with banks asking why or who I am sending my own money to. I like to send $5 to Hamas to buy one of these terrorists a hamburger, what you gonna do about it? If you piss me off, I will buy them milkshakes too.
- From zndtoshi:
@PrestonPysh @FossGregfoss @DavidBCollum that would create a hard fork (like what happened with Bitcoin Cash) you would get the same amount of coins on the second network and you can wait out to see what everyone trades for. Eventually one network will come up on top again.
- From justgrowitnow:
@jvinsant11 @Dogecoinrich Oh ok.. and 10 years ago was it impossible for bitcoin to reach the levels we are at now?? No it was impossible. Same for eth… same for bitcoin cash.. same for any other MADE up crypto. It’s only impossible until it happens ….
As for a news story related to Bitcoin Cash getting some buzz:
Bitcoin Cash works and I know that……Bitcoin Cash works in real life and is helping a lot of people achieve their dreams….Thanks🙏 I an glad that you liked it, i hope to inspire many to work hard to fulfill their dreams using BCH You certainly do….Hopefully me too, I can able to build a house using bch….Just believe and you can do anything using BCH Yes thank you so much BCH really works if we are also willing to work for it just like what you did sir….I hope it will really help people to get inspired and see that BCH works without a…