The Hourly View for BCH
Last Updated July 24, 2021, 02:046 GMT
At the moment, BCH’s price is up $0.9 (0.2%) from the hour prior. BCH has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 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 came into today up 3.08% ($13.61) from the open of yesterday, marking the 3rd day in a row an upward move has occurred. The price move occurred on volume that was up 33.7% from the day prior, but down 1.02% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, the current price of Bitcoin Cash is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From MyLegacyKit:
@CoinDesk @ps_myles Few corrections:Wright is not CEO of nChain but Chief Scientist.BSV is not a fork of Bitcoin Cash, but a fork of Bitcoin Clashic (which is a fork of Bitcoin Cash).Otherwise 👍
- From KawasanSadai:
#Cryptomania 05. Grayscale’s @Bitcoin Trust, Bitcoin Cash Trust, @Ethereum Trust, and Ethereum Classic vehicles, as well as Osprey Funds’ #Bitcoin Trust are currently the only cryptocurrencies available for investment via @jpmorgan #sadaiINDUSTRIALpark
- 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.
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…