Bitcoin Cash 4 Hour Price Update
Updated September 02, 2020 01:35 AM GMT (09:35 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 288.19 US dollars, up 1.51% ($4.3) since the previous 4 hours. Bitcoin Cash outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.
Bitcoin Cash Daily Price Recap
292.03 (USD) was the opening price of the day for Bitcoin Cash, resulting in yesterday being one in which price moved up 6.66% ($18.23) from yesterday. The price move occurred on volume that was up 129.23% from the day prior, but down 31.44% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, Bitcoin Cash crossed above its 20 and 50 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 16 them.
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 micropresident:
For the last three years, Bitcoin Cash has been a hobby philanthropy project for billionaires. The IFP takes away the dependency on philanthropists. They feel like their toy is being taken away. It was never theirs.
- From ElectrumSV:
1/6. A while back I looked at different ways that ElectrumSV can do coin-splitting by constructing scripts that would not be mined on Bitcoin Cash. Many of the possible ways are not viable in ElectrumSV until we replace ElectrumX. We currently use a faucet to .. — rt12
- From iamchrisani:
8. Many payment options
A user can buy Bitcoin, Ripple, Ethereum, Litecoin, and Bitcoin Cash with a credit card, or buy with US Dollars or Euro through TUSD or BUSD stablecoins. The stablecoins can equally be converted back to cash.
In terms of news links for Bitcoin Cash here’s one to try:
Bitcoin Cash has not much to write home about in terms of its financial performance over the last three years….Bitcoin Cash has not much to write home about in terms of its financial performance over the last three years the funny thing is that when Ethereum was first announced, market price was the LAST consideration in the value of that blockchain (as ETH was only meant to fuel the network); and yet look at it now, absolutely unbelievable …..point being that BUIDLers should just focus on “adding value” in the services provided by BCH and let the free markets sort out the pricing for us That’s precisely why BCH was attacked so much……Okay, sir George I will try my best and think of what business to do with my BCH….I think BCH will get better without ABC and you’ll also get ABC coin as an airdrop 🙂 Okay, I see I hope so sir.