The time display for BCH
Last updated 27 October 2020, 01: 036 GMT
Currently, the price of BCH is down $ -0.59 (-0.23%) from the previous hour. This move is a reversal from the previous hour, which saw the price rise. Regarding the trend, note that the strongest trend exists in the 50 hour period. The moving averages on the hourly time frame suggest a discontinuity in price, as 20, 50, 100 and 200 are all in a mixed alignment, which means that the trend across time periods is inconsistent, indicating a potential opportunity for rangebound traders.
Bitcoin Cash Daily Price Summary
Bitcoin Cash came into play today down 4.27% ($ 11.59) since yesterday’s opening, marking the 2nd consecutive day there has been a decline. As for the volume trend, yesterday’s volume increased by 69.11% compared to the previous day (Sunday) and by 85% compared to the Monday of the previous week. On a relative basis, Bitcoin Cash was the worst performer of all 7 assets in the Top Cryptos asset class during yesterday. Below is a chart of Bitcoin Cash daily prices.
Bitcoin Cash technical analysis
Notably, Bitcoin Cash is now close to its 20 and 100-day averages, located at 251.38 and 255.83 respectively, and therefore could be at a key moment along those times. Trending traders will want to observe that the the strongest trend appears on the 30th day horizon; in that period of time, the price has risen. Or to look at it another way, note that over the past 30 days the price of Bitcoin Cash has risen by 19.
Heard on Twitter
For laughs, quarrels or really useful information, let’s see what the most popular tweets related to Bitcoin Cash have been in the last day:
- From FloweeTheHub:
I am seriously impressed that Bitcoin Cash is gaining traction and how the community is growing! A great indicator is that there are a lot of flipstarters going on (and ending successfully), all over the place. And sometimes I only hear about them after they’re funded. 🚀
- From micro-president:
@deadalnix @tendo_pein_sama Well that’s why I think Bitcoin Cash has the ability to overcome this. You can directly train and sort AI information by rewarding it with encryption when it performs well.
- From mrdouche:
@ 22loops I mean man with everything going on this year “THAT” is the crazy part !!! ??? Did you miss the part where “PayPal accepts Bitcoin Cash” ?!
For a longer news story related to BCH that has generated discussions, check out:
Climb Bitcoin Cash
Exponential growth is where the number of transactions we can process doubles each period, or in Flowee it has risen to 700% in 3 years …. As the founder of Flowee, a very significant portion of my time worked on scaling in the BCH client full node “Flowee the Hub” …. In the Flowee the Hub full node some progress has been made on the way to scaling to very large transaction counts …. This also allows Flowee the Hub to still perform single-threaded processing less heavy network messaging by shifting processing new transactions to a different thread, avoiding the wait that older customers had … As such, none of these articles really say what flowee is … Flowee is therefore a family name.
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