Bitcoin Cash 4 Hour Price Update
Updated July 18, 2020 07:18 PM GMT (03:18 PM EST)
Bitcoin Cash is up 0.14% ($0.32) since the previous 4 hours, marking the 5th candle in a row an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Bitcoin Cash closed the day prior down 0.66% ($1.48); this denotes the 5th day in a row it has gone down. This move happened on lower volume, as yesterdays volume was down 34.18% from the day before and down 27.85% 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 day prior. Here is a daily price chart of Bitcoin Cash.
Coming into today Bitcoin Cash is now close to its 20 day averages, located at 229.63 respectively, and thus may be at a key juncture along those timeframes. 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 another vantage point, consider that Bitcoin Cashs price has gone down 7 of the previous 10 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:
@newbie_6 @rogerkver If youre transaction fee was too low then your BTC transaction is probably stuck. Thats because BTC has been changed to not accommodate low fees causing huge problems. You should use Bitcoin Cash instead, where fees are typically under a penny and are fast!
@rogerkver Bitcoin = Satoshi Nakamoto White PaperSo as such, #Bitcoin is Bitcoin Cash (#BCH)While Bitcoin Core is a shitcoin that no longer follows the Original White Paper. Bitcoin Core should NEVER be called Bitcoin. Its simply Bitcoin Core, Bitcore or BTCPlain and Simple
Top 10 Cryptocurrencies prices during the past weekStar of the week was Chainlink $LINK, reaching a price of $8.42; an increase of 41.92% in 7 days onlyBitcoin Cash $BCH was the biggest loser, it has dropped to $223.61, representing a loss of -5.70%
For a longer news piece related to BCH thats been generating discussion, check out:
Bitcoin Cash price analysis: only bullish above $245
Bitcoin Cash technical analysis shows that bulls need to keep the BCH/USD pair above the $205 level to avoid a $75 sell-off.Watch out for a powerful technical breakout if price moves above the neckline of the pattern, around the $245 level. Bitcoin Cash technical analysis shows that the cryptocurrency needs to move above the $245 level to activate a bullish reversal pattern.
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