Bitcoin Cash 4 Hour Price Update

Updated August 12, 2020 11:19 AM GMT (07:19 AM EST)

Bitcoin Cash closed the previous 4 hours up 1.53% ($4.34); this denotes the 2nd candle in a row it has gone up. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

The back and forth price flow continues for Bitcoin Cash, which started today off at 281.77 US dollars, down 6.82% ($20.62) from the previous day. The price move occurred on stronger volume; specifically, yesterdays volume was up 44.14% from the day prior, and up 16.6% from the same day 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 previous day. Lets take a look at the daily price chart of Bitcoin Cash.

First things first: Bitcoin Cash crossed below its 20 day moving average yesterday. 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. 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. Also of note is that on a 14 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin Cashs price has gone up 15 of the previous 30 trading days.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

New Bitcoin Cash monthly report format coming tomorrow.

@CyPhlux What is the problem here?!? One thing is to be suspicious, but this is like holding BTC in 2017, before they forked it to Bitcoin Cash and then say-no thanks I dont want those tokens.

@KBClientPicks Im all about winning paper man. Bitcoin cash, Up here in Canada im a shark. Join me. Im darth vader be anakin !

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Bitcoin Cash (BCH) Up $4.34 in Last 4 Hours, Started Today Down 6.82%; Price Base in Formation Over Past 14 Days - CFDTrading