The Hourly View for BCH
Last Updated June 30, 2021, 06:016 GMT
At the moment, Bitcoin Cash’s price is up $3.68 (0.72%) from the hour prior. This is the 2nd consecutive hour Bitcoin Cash has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 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 is up 4.35% ($21.82) since the previous day, marking the 4th day in a row an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 9.08% from the day before — and down 48.02% 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 the previous day. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The first thing we should note is that Bitcoin Cash is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. 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
Behold! Here are the top tweets related to Bitcoin Cash:
- From GeorgeDonnelly:
$BCHA is not Bitcoin Cash #BCHPlease do not confuse the two#BCHA is a minor company coin fork of BCH that has coordinated miners to discard inconvenient blocks and failed to hold their promised “global network council” meeting of large holders.Do not be fooled.#XEC $XEC
- From thecryptokidd:
Bitcoin’s power to provide a permissionless, peer to peer electronic cash system to anyone around the globe, was retained in Bitcoin Cash. #bch
- From BigGuyCrypto:
I’m dropping a video tonight about Bitcoin Cash and why I’m bullish on it long term. Check it out. #Bitcoin #BitcoinCash #CryptoNews
In terms of news links for Bitcoin Cash here’s one to try:
How to List your Business On The Bitcoin Cash Map as a Merchant.
Listing your business on the Bitcoin Cash Map simply means that you have accepted to become a BCH Merchant, recieving payments in Bitcoin Cash and you would love to be easily located buy a customer who wants to pay for your services with Bitcoin Cash….Accepting Bitcoin Cash and listing your business on the bitcoin Cash map will help your business get paid from any location in the world.
This news is republished from another source. You can check the original article here.
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