The Hourly View for BCH

Last Updated February 18, 2021, 02:046 GMT

Currently, BCH’s price is down $-3.35 (-0.46%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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 entered today at $717.22, up 1.53% ($10.84) from the previous day. This move happened on lower volume, as yesterday’s volume was down 24.2% from the day before — and down 59.18% from the same day the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 7 of the assets in the Top Cryptos asset class during the previous day. Here 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. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 7 them.

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 BobbyDi51654972:
  

  #Binance Most Burnt (Last 1H)Rocket fuel is buyer volume
  Market is currently slow Bitcoin Cash | $BCH | 2
  Kava | $KAVA | 2
  Ravencoin | $RVN | 2
  Viberate | $VIB | 2
  Verge | $XVG | 2
  KyberNetwork | $KNC | 1
  Chiliz | $CHZ | 1
  Dash | $DASH | 1
  Dogecoin | $DOGE |2

• From GeorgeDonnelly:
  

  Accept that you will never like or approve of everyone, maybe not even of most people, working on Bitcoin Cash. Deal with it. Think about how you are getting their work essentially for free. They work for you. We are all contributing value to each other’s pots.

• From GeorgeDonnelly:
  

  Bitcoin Cash is not a pump and dump coin. Bitcoin Cash is here to change the world by addressing the $90 trillion global cash use case and facilitate financial inclusion for the majority of human in the developing world.

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

Bitcoin Cash Price Prediction: Is BCH Heading Towards $1,000?

Bitcoin – BTCUSD The Bitcoin cash price is hovering near its highest point in July 2018 as investors react to the strong performance in the cryptocurrencies industry….Bitcoin cash is often viewed as a proxy for Bitcoin.

The post Bitcoin Cash (BCH) Closes Prior Hour Down -0.46%; 2 Day Down Streak Broken, in an Uptrend Over Past 14 Days appeared first on CFDTrading.