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Bitcoin Cash (BCH) Closes Last Hour Up $0.79; in an Uptrend Over Past 30 Days, Heads Up For the 3rd Day In A Row.
At the moment, Bitcoin Cash’s price is up $0.79 (0.09%) from the hour prior. This is the 3rd consecutive hour Bitcoin Cash has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on BCH; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Bitcoin Cash closed the day prior up 2.24% ($19.96); this denotes the 3rd day in a row an upward move has occurred. The change in price came along side change in volume that was up 35.67% from previous day, but down 20.8% from the Wednesday of last week. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Bitcoin Cash.
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 18 them.