Bitcoin Cash 4 Hour Price Update
Updated June 28, 2020 01:36 AM GMT (09:36 PM EST)
The end of a 4 four-hour candle negative run has come for Bitcoin Cash, which finished the last 4 hour candle up 2.78% ($5.85). On a relative basis, the last 4 hour candle were pretty good: Bitcoin Cash bested all 5 of the assets in the Top Cryptos class 🙂
Bitcoin Cash Daily Price Recap
Bitcoin Cash came into today down 6.18% ($14.25) from the open of the previous day, marking the 5th day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 140.63% from the previous day (Friday), and up 113.1% from Saturday of the week before. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 90 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 down 11 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From FreeTrade68:
@im_uname @acidsploit @Wecx3 @monsterbitar I would think so yes.But maybe brand inconsistency could be a strength and not a weakness for Bitcoin Cash.Brand consistency = top down, control freakery, corporations etcBrand inconsistency = open platform, community approachSmtp, tcpip, php, java don’t have consistency
- From jajaaSB:
When will BCH be listed on @SatangCorp ? It would be awesome to have more alternatives for Bitcoin Cash users and merchants in Thailand. 🙂
- From Adewumibukolao1:
@AskBlockchain Please I really need help on how to get my Bitcoin core wallet private keys to import it into a third party wallet that support bitcoin cash because Bitcoin cash has been mistakenly sent to my Bitcoin core wallet.
As for a news story related to Bitcoin Cash getting some buzz:
Bitcoin Cash-Fueled Blogging Website Read.cash Raises Over $100K for Collective Initiative | Bitcoin News
Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis….Average Price of Bitcoin More Than Quadrupled Between Halvings Investing in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the crypto-economy since at least 2010….6 Privacy-Enhancing Tools That Place Bitcoin Cash Transactions Ahead of the Pack On June 24, a Reddit post had a few Bitcoin Cash proponents discussing a number of privacy enhancements BCH supporters can leverage every time they transact.