Bitcoin Cash (BCH) Closes Prior Hour Down -0.24%; Heads Up For the 2nd Consecutive Day, Crosses 200 Day Moving Average, in a Downtrend Over Past 14 Days

The Hourly View for BCH

Last Updated June 14, 2021, 04:016 GMT

Currently, Bitcoin Cash’s price is down $-1.44 (-0.24%) from the hour prior. The hourly chart shows that Bitcoin Cash has seen 3 straight down 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 came into today up 5.85% ($33.92) from the open of the day prior, marking the 2nd consecutive day it has gone up. This move happened on lower volume, as yesterday’s volume was down 5.68% from the day before — and down 8.72% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above its 200 day moving average yesterday. Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days.

Overheard on Twitter

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

• From hampus_s:
  

  @ErikVoorhees @benthecarman @udiWertheimer @cryptos_addict @blockofgenesis I don’t like “Appeal to Satoshi” arguments, go to Bitcoin Cash with that trash… or Bitcoin SV perhaps. 🤣

• From Jonus_A:
  

  @blockchain I JUST BOUGHT 140$ in Bitcoin cash , was not able to send it to another wallet, sold it and tried it with 2 other coins lost hell of money in the process and now MY USD WALLET IS NEGATIVE 256?$ can someone relate or did I just get robbed ? What the fuck is going on

• From DavidShares:
  

  @olya_borderless did you miss the announcement that the revolution has been moved to the Bitcoin Cash #BCH chain??