Bitcoin Cash 4 Hour Price Update

Updated July 31, 2020 01:35 AM GMT (09:35 PM EST)

Bitcoin Cash is up 0.7% ($2.05) since the last 4 hour candle, marking the 3rd candle in a row an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

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 292.16 US dollars, up 1.39% ($4) since the previous day. As for how volume fared, yesterday’s volume was up 4.23% from the previous day (Wednesday), and up 81.63% from Thursday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a 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 up. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin Cash’s price has gone up 15 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin Cash:

• From isamalia1:
  

  @rogerkver @CoinDeskData @BitMEXResearch @MessariCrypto @jack @lightning @GeneralProtocol @btcfork @bchaustralia @localbitcoincom @payments_source But Bitcoin Cash is not the real bitcoin is like drinking Copacoba in sted of cocacola #BCH $BTC

• From MASTERBTCLTC:
  

  @rogerkver @CoinDeskData @BitMEXResearch @MessariCrypto @jack @lightning @GeneralProtocol @btcfork @bchaustralia @localbitcoincom @payments_source We use litecoin it’s the real bitcoin cash

• From CryptoOwenW:
  

  @rogerkver @CoinDeskData @BitMEXResearch @MessariCrypto @jack @lightning @GeneralProtocol @btcfork @bchaustralia @localbitcoincom @payments_source Yeah but Bitcoin Cash is for dumb dumbs who wanna buy the fake version of somethingAlmost as bad as XRP but not quite

For a longer news piece related to BCH that’s been generating discussion, check out:

CRYPTO DEV DIGEST: Catching the Bitcoin Cash Drift; Augur v2 Launches; Cardano Hardforks – CoinSpice

The Bitcoin Cash community contemplates drift and a new DAA….Keeping us together is something I value a lot.” Green referenced the recent controversy in the Bitcoin Cash (BCH) dev space: the difficulty adjustment algorithm (DAA)….The latest dust-up on that score involves a proposal by BCH protocol client Bitcoin ABC and its lead developer Amaury Séchet, called the Grasberg DAA….Lundeberg is an interesting figure in the Bitcoin Cash dev community for a variety of reasons….Or a weighted geometric average might have advantages — either way.” However, he warned, “I don’t actually recommend adding drift correction to ASERT.” Bitcoin Cash developer Jonald Fyookball, who also opposed the IFP along with Lundeberg, criticized Grasberg as well, though on decidedly less-technical grounds….This release includes improvements to getwalletinfo and various import* RPCs. Download here:https://t.co/Yxra3gQPyBRelease notes:https://t.co/XgqPSHMiuf#BitcoinCash #BCH $BCH #bitcoin — Bitcoin ABC (@Bitcoin_ABC) July 28, 2020 Hardfork will take effect at 21:44:51 UTC Wednesday.

The post Bitcoin Cash (BCH) Up $2.05 Over Past 4 Hours, Started Today Up 1.39%; in an Uptrend Over Past 14 Days appeared first on CFDTrading.