Bitcoin Cash 4 Hour Price Update
Updated July 22, 2020 01:36 AM GMT (09:36 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 229.75 US dollars, up 0.09% ($0.2) since the last 4 hour candle. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the last 4 hour candle in terms of percentage price change.
Bitcoin Cash Daily Price Recap
230.54 (USD) was the opening price of the day for Bitcoin Cash, resulting in the previous day being one in which price moved up 3.46% ($7.7) from the previous day. As for how volume fared, yesterday’s volume was up 43.47% from the previous day (Monday), and up 12.98% from Tuesday of the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the previous day. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
First things first: Bitcoin Cash crossed above its 20 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. 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. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone down 6 them.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From bradmillscan:
Bcash uses 10 block checkpoints, so it doesn’t need mining.Why don’t Bitcoin Cash network admins just plugin to the Bitcoin blockchain?They can have BCH & the SLP tokens be a 2nd layer/sidechain of Bitcoin.Then they wouldn’t need to bother with simulating decentralization.
- From MichaelRippe:
Grayscale Investments approved to begin offering Bitcoin Cash & Litecoin trusts. Let me help you out, @GrayscaleInvest. It’s called chainlink. $LINK
- From InvestahD:
@antiprosynth @DecredDragon @swack0 @DefiWoof @_Checkmatey_ @svitekpavel @she_dec @OfficialCryptos @latetot @el_captn_ @Th3Acist @sethisimmons @fluffypony @tokenstate @ethereum @iamDCinvestor @RyanSAdams @decredproject @VitalikButerin @TrustlessState @jz_bz The biggest mistake we can make is to think blockchain as a space is close to being in it’s evolved state.. by your logic Bitcoin cash has more potential since by virtue of creation date. Also how would decred interesting parts be built on eth? Lol
For a longer news piece related to BCH that’s been generating discussion, check out:
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