The Hourly View for BCH
Last Updated May 18, 2021, 02:047 GMT
Currently, BCH’s price is down $-14.13 (-1.26%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Bitcoin Cash Daily Price Recap
Bitcoin Cash is down 8.56% ($100.05) since yesterday, marking the 3rd consecutive day a decrease has occurred. The change in price came along side change in volume that was up 66.25% from previous day, but down 28.26% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 5th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 16 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From thecryptokidd:
Bitcoin Cash is the cryptocurrency that will always be there. It will be there when they create new currencies, it will be there when governments try to pry it from the blockchain & it will be the very thing they try to emulate, because Bitcoin Cash thrives as peer to peer cash.
- From DavidShares:
@elonmusk @ChainLinkGod @PeterMcCormack Elon, I implore you to look into Bitcoin Cash. It’s light years ahead of BTC. It’s more decentralized, cheaper, faster, uses less energy, etc etc. Everything you want out of Doge is already here. Don’t waste more time.
- From theklineventure:
@elonmusk @itsALLrisky Welcome to the party @elonmusk. This has been done time and time again with @solana, Bitcoin Cash, @litecoin, the list goes on and on. The trade off is accelerating dependencies towards centralization.
In terms of news links for Bitcoin Cash here’s one to try:
This particular upgrade marks the start of a new upgrade schedule that will allow developers to invest more time in testing new features added to the protocol in the future….Just last year, the network faced a contentious hard fork when the most dominant node’s developers, Bitcoin ABC, proposed a new ruleset….What do you think about the new Bitcoin Cash Update?