Bitcoin Cash 4 Hour Price Update
Updated August 27, 2020 01:35 AM GMT (09:35 PM EST)
Bitcoin Cash is down 0.47% ($1.3) since the previous 4 hours, marking the 2nd candle in a row a decline has happened. 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 4 hours.
Bitcoin Cash Daily Price Recap
Bitcoin Cash came into today down 0.47% ($1.31) from the open of the day prior, marking the 2nd straight day it has gone down. This move happened on lower volume, as yesterday’s volume was down 71.23% from the day before — and down 63.78% 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 day prior. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, the current price of Bitcoin Cash is sitting close to its 50 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
From vinarmani:
It’s so weird to see #Bitsheviks saying they will sell all their coins and leave crypto if (when?) ABC gets the BCH ticker (and retains the Bitcoin Cash name) in NovemberA ticker and a name is the least important thing I consider when deciding the network on which to build 🤷
From Hayden_Otto:
Both used their influence to spread dis-info about me fighting hard for the IFP, or that I am an ABC supporter, despite me being completely clear I planned to follow the Bitcoin Cash (BCH) branding and longest chain. I have made no videos or content in support of such things.
From micropresident:
It’ll be interesting in November when I can buy “Bitcoin Cash” on one exchange, and send it to another exchange — only for it to not arrive because some other “Bitcoin Cash” is what they’re using. I wonder what the ramifications of that will be?