Bitcoin Cash 4 Hour Price Update
Updated September 25, 2020 11:19 AM GMT (07:19 AM EST)
Bitcoin Cash came into the current 4 hour candle down 0.75% ($1.6) from the open of the last 4 hour candle, marking the 3rd straight candle it has gone down. 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 last 4 hour candle.
Bitcoin Cash Daily Price Recap
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 216.24 US dollars, up 4.11% ($8.54) since yesterday. This move happened on lower volume, as yesterday’s volume was down 1.78% from the day before — and down 20.45% 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 yesterday. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The first thing we should note is that Bitcoin Cash is now close to its 20 day averages, located at 225.42 respectively, and thus may be at a key juncture along those timeframes. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:
- From cryptocatb:
Bitcoin Cash – 5
Bitcoin SV – 11
Bitcoin Gold – 74
Bitcoin Diamond – 94
$TOMO – 123So many reasons not to sell TOMO. Such a scams still standing in front, which shows how big potential #tomochain has!#tomo @TomoChainANN #dex
- From cryptygirl:
@mutilandocaines @RudyBouwman Hi Mutilando! DigiByte has not yet been integrated in my shop, however if a customer wanted to pay in DGB, I am happy to accept DigiByte separately and to send them the products. CRYPTY Shop does accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
- From bukshukalaka:
@JohnMatrix1980 Back when Bitcoin cash fork happened everyone sold it for free money, then a month later it was up to $4500. I think uniswap is going to be similar. I got 7 lots of the free bags and I’ve gone and purchased a bitcoins worth. I reckon it’s gold. Big fan of uniswap