The Hourly View for BCH
Last Updated March 13, 2021, 02:058 GMT
Currently, BCH’s price is up $3.15 (0.6%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 is down 2.05% ($11.28) since the day prior, marking a reversal from the day prior — and the end of a 6 day positive run. The change in price came along side change in volume that was down 10.31% from previous day, but up 184.39% from the Friday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Coming into today Bitcoin Cash is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:
- From kurtwuckertjr:
@CobraBitcoin @CoinMarketCap I’m a longtime big blocker. I supported XT, BU, Bitcoin Cash and now Bitcoin SV because I believe principally that bitcoin should scale on chain to give the most freedom to the most people on earth. Ask me anything #AMA
- From bitcoininfo:
Did you know: Bitcoin Cash transactions are faster, cheaper and more reliable than other cryptocurrencies. 0-conf transactions are safer with double-spend proofs.You can actually use Bitcoin Cash to pay at @coinbase @BitPay merchants#fintech #cryptocurrency #bitcoincash
- From GeorgeDonnelly:
Many govts across the world are oligarchical — they are controlled by a few dozen or 100 families for their own benefit, and to the detriment of the mass population. But with #Bitcoin (Cash) and proof of work, anyone can join and play a role anytime. #BCH is liberty for the globe
In terms of news links for Bitcoin Cash here’s one to try:
Release the funds to the freelancer….Reach out to the right audiences via online advertising, social media, email marketing and other platforms.