Bitcoin Cash (BCH) Closes Last Hour Up $1.10; Moves Up For the 4th Day In A Row

The Hourly View for BCH

Last Updated July 25, 2021, 02:050 GMT

Currently, BCH’s price is up $1.1 (0.25%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 200 hour changed directions on BCH; it is now pointing up. 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 0.71% ($3.25) since yesterday, marking the 4th day in a row an increase has occurred. The price move occurred on volume that was down 30.33% from the day prior, but up 11.62% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 5th for the day in terms of price change relative to yesterday. 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 16 them.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From BitcoinCashCom2:

    It is important to keep emotions in check. Ponzi always look great and give amazing returns until the last moment. #BTC is a ponzi that will come to an end because it is not useful for daily transactions. If you want to use crypto for daily transactions, it’s Bitcoin Cash #BCH.

  • From MyLegacyKit:

    @CoinDesk @ps_myles Few corrections:Wright is not CEO of nChain but Chief Scientist.BSV is not a fork of Bitcoin Cash, but a fork of Bitcoin Clashic (which is a fork of Bitcoin Cash).Otherwise 👍

  • From KawasanSadai:

    #Cryptomania 05. Grayscale’s @Bitcoin Trust, Bitcoin Cash Trust, @Ethereum Trust, and Ethereum Classic vehicles, as well as Osprey Funds’ #Bitcoin Trust are currently the only cryptocurrencies available for investment via @jpmorgan #sadaiINDUSTRIALpark



This news is republished from another source. You can check the original article here.

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