
The Hourly View for BCH
Last Updated July 28, 2021, 02:048 GMT
At the time of this writing, BCH’s price is up $2.67 (0.53%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as BCH has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Bitcoin Cash Daily Price Recap
Bitcoin Cash closed the day prior up 4.21% ($20.31); this denotes the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was down 46.34% from previous day, but up 27.65% from the Tuesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Coming into today Bitcoin Cash is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 16 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From HukAleksandra:
Amazon to accept Bitcoin as payment by the end of 2021. Next in line is Ethereum, Cardano & Bitcoin Cash. – Souces
- From TheDogeCoinCash:
(1/2)What is DogeCoin Cash?
Bitcoin Cash reached an ATH of 0.25 Bitcoin. Our first goal is for DogeCoin Cash to reach 25% of Doge Coin’s peak market capitalization.
DogeCoinCash will be better then DogeCoin
(We will be DogeCoin with usecases) - From jrowland58:
#Bitcoin 👀 heading back towards $40k……Bitcoin cash back and much more @modeapp_ we also maintain our position in BTC treasury and believe in the long term future of #Bitcoin
For a longer news piece related to BCH that’s been generating discussion, check out:
My introduction to Bitcoin Cash and Read.cash community
People always called me to help them in their farm land, and I enjoyed doing it because I am someone who doesn’t stay at home doing nothing, and because of my experience in farming I now have farmers as friends….I started working for him both at home and at his farm lands because he is a good Farmer indeed….Max took good time to teach me everything about BCH….Max has been a good help to this regard because I’ve been saving those BCH that he pays me for my education….Thanks for accepting BCH for payment, and thanks for paying merchants with your BCH without changing them to fiat; it’s a good and fast way to push BCH usage in Africa and around the world.
This news is republished from another source. You can check the original article here.
Be the first to comment