The Hourly View for BCH
Last Updated June 30, 2021, 02:057 GMT
At the moment, BCH’s price is down $-0.66 (-0.13%) from the hour prior. This is the 2nd hour in a row BCH has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on BCH. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Cash Daily Price Recap
Bitcoin Cash came into today up 4.35% ($21.82) from the open of yesterday, marking the 4th day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 9.08% from the day before — and down 48.02% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since yesterday in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Coming into today 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 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 10 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:
- From DavidShares:
@Bitcoinbeach @rogerkver Hey @Bitcoinbeach it is OK to let the people of El Salvador be self-sovereign using peer-to-peer cash as explained in the Bitcoin whitepaper. Lots of opportunities in El Salvador for you to make videos about Bitcoin Cash. Give me a call.
- From GeorgeDonnelly:
$BCHA is not Bitcoin Cash #BCHPlease do not confuse the two#BCHA is a minor company coin fork of BCH that has coordinated miners to discard inconvenient blocks and failed to hold their promised “global network council” meeting of large holders.Do not be fooled.#XEC $XEC
- From OliCryptoDotCom:
@TomBrady From athlete to athlete: Bitcoin Cash $BCH. No laser eyes, no digital gold, no stupid things. The real decentralized electronic money for everyday payments. Simple as that.
As for a news story related to Bitcoin Cash getting some buzz:
How to List your Business On The Bitcoin Cash Map as a Merchant.
Listing your business on the Bitcoin Cash Map simply means that you have accepted to become a BCH Merchant, recieving payments in Bitcoin Cash and you would love to be easily located buy a customer who wants to pay for your services with Bitcoin Cash….Accepting Bitcoin Cash and listing your business on the bitcoin Cash map will help your business get paid from any location in the world.