The Hourly View for BCH
Last Updated March 18, 2021, 07:016 GMT
At the time of this writing, Bitcoin Cash’s price is down $-1.21 (-0.22%) from the hour prior. The hourly chart shows that Bitcoin Cash has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 2.33% ($12.31) from the open of the day prior, marking the 2nd straight day it has gone up. The change in price came along side change in volume that was down 40.65% from previous day, but up 14.75% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the day in terms of price change relative to the day prior. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above 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 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 9 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From BitcoinCashCom2:
There’s so much bad things going around the world. If I think about it too much, it drives me crazy. For my mental well being and mental health, I will just focus on growing Bitcoin Cash. Bitcoin Cash makes me happy and it gives me hope and happiness in a world of darkness.
- From namlyd:
A few weeks ago, when bitcoin was $52000 & bitcoin cash was $482, a friend sent me $80 of bitcoin cash to get me started in this world. I changed some to bitcoin. Today with both at higher prices than I got them (55k & 520), I’m $8 poorer. What gives?
- From bitcoininfo:
With Bitcoin Cash, it costs almost nothing to send value from one side of the planet to the other. This means more money in your pocket and new use cases.#bitcoincash
Read more:Bitcoin Cash (BCH) Closes Prior Hour Down -0.22%; Heads Up For the 2nd Straight Day,
