The Hourly View for BCH
Last Updated January 3, 2021, 02:046 GMT
At the time of this writing, BCH’s price is down $-1.02 (-0.28%) from the hour prior. This is the 2nd hour in a row BCH has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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
The back and forth price flow continues for Bitcoin Cash, which started today off at 354.56 US dollars, up 3.56% ($12.18) from the previous day. The change in price came along side change in volume that was up 56.14% from previous day, but down 22.45% from the Saturday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th 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
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Bitcoin Cash’s price has gone up 18 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From vajolleratzii:
Bitcoin cash had a $50 billion market cap at the beginning of 2018. This was without any institutional investors, PayPal, Cashapp, etc.$SNX is at $850m todayPeople don’t realize how many billions these things will add to their market caps before it’s all said and done💰🚀
- From thegirlyouenvyy:
The simple fact that I had millionaires on my clubhouse chat doing giveaways is a blessing 1 blessed someone with $100 bitcoin cash, another an iPad the newest version and I also had 2 NFL players bless all the females in my chat with a cash app so yeah I love it here
- From basedkarbon:
Buddy of mine voluntarily chose to long bitcoin cash yesterday. Bitcoin cash, the bitcoin that’s so irrelevant that they had a chain split recently and barely anybody noticed. Imagine longing bcash going into 2021
For a longer news piece related to BCH that’s been generating discussion, check out:
Happy New Year! 10 predictions for Bitcoin Cash
Where do I see Bitcoin Cash in 3 to 5 years….I’m expecting the cost to drop to such low levels for such hardware that this opens up the Bitcoin Cash usecase to the next billion unbanked to participate in the global, Bitcoin Cash economy….A wallet can integrate with this service (see also prediction 3, below) in order to make this completely automatic and invisible for the user….Which basically means we need to make it easy for more people to start using Bitcoin Cash….With that knowledge, lets move on to the next prediction: Some time not…
Read more:Bitcoin Cash (BCH) Closes Prior Hour Down -0.28%; 2 Day Down Streak Ended, in an