The Hourly View for BCH

Last Updated February 10, 2021, 09:016 GMT

At the moment, Bitcoin Cash’s price is down $-0.85 (-0.16%) from the hour prior. The hourly chart shows that Bitcoin Cash has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Bitcoin Cash. Given that we see an uptrend 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 is up 6.3% ($30.52) since the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 37.05% from the day prior, and up 126.98% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 7 of the previous 10 trading days.

Overheard on Twitter

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

• From DoctorEmto:
  

  With Bitcoin being king,
  Other cryptos you can invest in are;-Ethereum( ETH) – Litcoin (LTC)- Cardano (ADA)- Polkadot (DOT)-Bitcoin Cash ( BCH)- Stellar (XLM)-Chainlink (LINK) -Binance Coin (BNB)-Tether (USDT)-Monero (XMR)-Tron (TRX)

• From realTylerZed:
  

  Bitcoin Cash will soon be the leading crypto currency with most transactions… and they’re still only a fraction of Bitcoin’s price. Huge huge huge upside from Bitcoin Cash’s current price.

• From jasonzweigwsj:
  

  @ApeMoar mostly?”The study found that over 39% of the total energy consumed by PoW cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and others comes from renewable energy sources.”

In terms of news links for Bitcoin Cash here’s one to try:

Bitcoin Cash: fast, low-fee crypto payments for African businesses | Decentralised Africa

A Bitcoin Cash payment gateway allows persons, merchants, and enterprises to accept fast, low-cost cryptocurrency payments….Most systems will accept payments from any country securely.  Bitcoin Cash is able to process transactions more quickly than the Bitcoin network….Why African Merchants Should Start Accepting Bitcoin Cash Payments.

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