Bitcoin Cash 4 Hour Price Update
Updated June 23, 2020 07:20 PM GMT (03:20 PM EST)
Bitcoin Cash came into the current 4 hour candle up 0.46% ($1.12) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. Bitcoin Cash outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Bitcoin Cash Daily Price Recap
The end of a 4 day negative run has come for Bitcoin Cash, which finished the previous day up 4.84% ($11.15). The price move occurred on volume that was up 189.13% from the day prior, but down 29.7% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the day in terms of price change relative to the previous day. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Bitcoin Cash crossed above its 100 day moving average yesterday. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Bitcoin Cash’s price has gone down 9 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From BitcoinRothbard:
“Bitcoin Cash” should only be called bcash because it has nothing to do with Bitcoin. “DeFi” should only be called CeFi because it has nothing to do with decentralization.
#DeFi #DeFiIsCeFi - From CryptoNewsBOT2:
#5
Bitcoin Cash (BCH)
->CMC Rank- #5
->Price: $236.0706
->Volume 24h: $1,266,259,452.4808
->Percentage Change in 1h: 0.358%
->Percentage Change in 24h: 1.369%
->Percentage Change in 7 days: 1.407%
->Market Cap: $4,353,539,608.5954
->Last Updated at: 2020-06-22T05:29:04 - From CryptoGulp:
Top 5 Cryptocurrencies – Current Prices$BTC: $9,356.71 – Bitcoin ⬆️ +0.34%
$ETH: $232.69 – Ethereum ⬆️ +1.42% 🚀
$USDT: $0.998930911 – Tether 🔻 -0.18%
$XRP: $0.187099208 – XRP ⬆️ +0.49%
$BCH: $233.24 – Bitcoin Cash ⬆️ +0.71%
In terms of news links for Bitcoin Cash here’s one to try:
Multiple Implementations and Cooperation in Bitcoin Cash – Bitcoin ABC Blog
Bitcoin ABC very much welcomes new developers and full node implementations to Bitcoin Cash….Multiple BCH full node implementations is ultimately good for Bitcoin Cash….Bitcoin ABC has taken many steps to ensure that Bitcoin Cash can accommodate multiple, thriving full node implementations….We spend time fighting each other instead of building Bitcoin Cash so we can compete with other coins and flippen Bitcoin Core BTC. Bitcoin ABC supports no.1. We oppose no….Bitcoin Cash is about achieving the Bitcoin Cash roadmap, which most major BCH players participated in creating….Join the Bitcoin ABC team in building censorship-resistant P2P electronic cash for billions of daily users and realizing the vision that is Bitcoin Cash!