Bitcoin Cash (BCH) Up $0.17 in Last 4 Hours, Started Today Down 2.98%; Breaks Below 20 and 50 Day Averages

Bitcoin Cash 4 Hour Price Update

Updated May 21, 2020 01:34 AM GMT (09:34 PM EST)

Bitcoin Cash came into the current 4 hour candle up 0.07% ($0.17) from the open of the previous 4 hours, marking the 2nd candle in a row an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Bitcoin Cash Daily Price Recap

Bitcoin Cash came into today down 2.98% ($7.36) from the open of the day prior, marking the 2nd day in a row a decline has happened. As for how volume fared, yesterday’s volume was up 21.65% from the previous day (Tuesday), and up 24.34% from Wednesday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

First things first: Bitcoin Cash crossed below its 20 and 50 day moving averages yesterday. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Bitcoin Cash:

  • From pokkst:

    Question to Bitcoin Cash developers (and maybe users):What servers do you guys need the most right now? Electron Cash servers, Cash Account servers, nodes, etc.?I’m willing to spin a few servers up of whatever you guys may need.

  • From _the_archer:

    If a crypto WAS to flip BTC permanently nobody is saying Monero. Literally nobody. It’s Bitcoin Cash or Ethereum or some other coin. There’s always excuses why Monero won’t. Criminals. Too private. Infinite coins.Look at numbers on dark markets.

    Look at that organic adoption!

  • From SJosephBurns:

    @profitssss Last time I checked:
    Crypto% Below all-time high:
    BitConnect: -100%
    ICON: -99%
    Bitcoin Gold: -99%
    Qtum: -98%
    NEM: -98%
    Lisk: -98%
    Cardano: -97%
    Dash: -97%
    zCash: -97%
    IOTA: -96%
    NEO: -95%
    TRON: -95%
    Bitcoin Cash: -95%
    XRP: -94%
    Ethereum: -89%
    Monero: -89%
    EOS: -88%
    Litecoin: -88%

For a longer news piece related to BCH that’s been generating discussion, check out:

Price analysis and prediction: Bitcoin Cash [BCH], Ethereum [ETHUSD] and Ripple [XRPUSD] – Coinnounce

BCHUSD Daily Chart The daily-timeframe price chart for Bitcoin Cash shows that the highest volume traded was following the massive dip on March 12….  XRPUSD Daily Chart The daily-chart for Ripple or XRPUSD seems to be at a crucial junction of sorts.