Bitcoin Cash (BCH) Closes Last Hour Up $2.23; Moves Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days

The Hourly View for BCH

Last Updated July 14, 2021, 02:047 GMT

At the moment, BCH’s price is up $2.23 (0.49%) from the hour prior. This is the 2nd consecutive hour BCH has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 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 came into today down 2.97% ($14.25) from the open of yesterday, marking the 2nd day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 28.43% from the day prior, and up 115.35% 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 yesterday. Let’s take a look at the daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

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 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Bitcoin Cash’s price has gone down 6 of the previous 10 trading 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 cryptobuzznews:

    Grayscale has obtained approval to become an SEC-reporting co for its Digital Large Cap Fund, composed of #Bitcoin, $ETH, $LTC, Bitcoin Cash, & Ethereum Classic.Grayscale Large-Cap Fund to Follow GBTC & ETHE Rules.This is Grayscale’s first SEC approval beyond Bitcoin & ETH.

  • From BitcoinMotorist:

    Guys who are being paid to promote Bitcoin Cash think that we’re being paid to promote Lightning Network 🤡

  • From StockMKTNewz:

    Grayscale Investments has filed registration statements with the SEC for 3 mores trustsGrayscale Bitcoin Cash Trust $BCHG ( $BCH)
    Grayscale Ethereum Classic Trust $ETCG ( $ETC)
    Grayscale Litecoin Trust $LTCN ( $LTC)

In terms of news links for Bitcoin Cash here’s one to try:

Bitcoin Cash Payment Processor Evolves Adding URL Shortener, Paypal API Integration – Bitcoin News

Sergio Goschenko, a bitcoin cash noncustodial payment processor, is adding a bunch of interesting functionalities….Also, added Paypal API integrations, making it easier for merchants to test Bitcoin Cash payments seamlessly… is aware of this issue and is working to minimize the friction and cost of adding bitcoin cash payments to every platform out there.