Bitcoin Cash 4 Hour Price Update
Updated August 24, 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 284.23 US dollars, down 0.64% ($1.82) since the previous 4 hours. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.
Bitcoin Cash Daily Price Recap
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 284.62 US dollars, down 0.71% ($2.04) since yesterday. The change in price came along side change in volume that was down 47.26% from previous day, but up 44.44% from the Sunday of last week. 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 yesterday. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The first thing we should note is that Bitcoin Cash is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Bitcoin Cash’s price has gone up 8 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 _mkgll:
I hope all the Bitcoin Cash dev mess is a good reminder to people why you need to scale and remove limits *now,* long before you ever “need” the space.If you don’t remove them now, it will never happen. Remember, even GMax used to say “of course we will raise the block size.”
- From BlockpartySh:
@Hayden_Otto Why would people want to donate money towards people supporting a split of Bitcoin Cash, or threatening to work on a minority fork of Bitcoin Cash if miners don’t accept ABC’s tax? Of course they wouldn’t want to support those people, they are reducing the value of BCH.
- From Hayden_Otto:
What I have learned in the last day is that Bitcoin Cash is for everyone, but Flipstarters are only for #Bitsheviks.
For a longer news piece related to BCH that’s been generating discussion, check out:
Grayscale’s LTCN, BCHG unlikely to rescue Litecoin, Bitcoin Cash’s prices
Source: Arcane Now, according to a recent announcement, Grayscale’s Litecoin (LTCN) and Bitcoin Cash (BCHG) trusts have gone public in the market….Don’t count on Grayscale to re-invigorate Litecoin, Bitcoin Cash markets Over the past few months, while crypto-assets like Chainlink and Cardano have ruffled some feathers in the altcoin space, cryptos such as Litecoin and Bitcoin Cash have lost a lot of steam.