Bitcoin Cash 4 Hour Price Update
Updated May 20, 2020 07:17 PM GMT (03:17 PM EST)
The choppiness in the recent four-hour candle price action of Bitcoin Cash continues; to start the current 4 hour candle, it came in at a price of 238.53 US dollars, up 0.47% ($1.12) since the previous 4 hours. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during the previous 4 hours.
Bitcoin Cash Daily Price Recap
Bitcoin Cash’s 3 day positive streak has officially concluded, as the candle from the previous day closed down 0.47% ($1.16). This move happened on lower volume, as yesterday’s volume was down 48.7% from the day before — and down 32.24% from the same day the week before. Those trading within the Top Cryptos asset class should know that Bitcoin Cash was the worst performer in the class during the previous day. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, the current price of Bitcoin Cash is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. For additional context, note that price has gone up 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- 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:
Bitcoin Gold: -99%
Bitcoin Cash: -95%
- From REIMAGINE_2020:
“A lot of people think I created Bitcoin Cash, I had nothing to do with the creation of Bitcoin Cash” – @rogerkver
For a longer news piece related to BCH that’s been generating discussion, check out:
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.