Bitcoin Cash (BCH) Up $0.66 in Last 4 Hours, Started Today Down 0.02%; Pin Bar Pattern Appearing on Chart

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Bitcoin Cash 4 Hour Price Update

Updated June 14, 2020 11:19 PM GMT (07:19 PM EST)

Bitcoin Cash came into the current 4 hour candle up 0.28% ($0.66) from the open of the previous 4 hours, marking the 2nd candle in a row an increase has occurred. Bitcoin Cash outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours. Congrats to its holders!

Bitcoin Cash Daily Price Recap

240.69 (USD) was the opening price of the day for Bitcoin Cash, resulting in the previous day being one in which price moved down 0.02% ($0.05) from the previous day. This move happened on lower volume, as yesterday’s volume was down 52.51% from the day before — and down 27.85% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the previous day in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.

Bitcoin Cash Technical Analysis

Coming into today the current price of Bitcoin Cash is sitting close to its 20, 50 and 100 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 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin Cash’s price has gone up 7 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Bitcoin Cash:

  • From bruinfan091471:

    @Yeshua_Rescua @Justin_Bons Anything is better than BTC. But I am going with Bitcoin Cash. Cash Fusion easily competes with Monero privacy. And BCH much further along in adoption than monero in a shorter amount of time.

  • From CryptoGulp:

    Top 5 Cryptocurrencies Prices⬆️ $BTC: $9,450.82 | Bitcoin +0.20%
    ⬆️ $ETH: $237.64 | Ethereum +0.30%
    ⬆️ $USDT: $1.00 | Tether +0.08%
    🔻 $XRP: $0.190865742 | XRP -1.05% ☄
    ⬆️ $BCH: $240.30 | Bitcoin Cash +0.23%

  • From ToshiSat0shi:

    #Crypto Top 5 by Total Volume$USDT Tether $0.9999 (23.87B)
    $BTC Bitcoin $9,452.14 (19.33B)
    $ETH Ethereum $237.63 (7.68B)
    $BCH Bitcoin Cash $240.73 (2.07B)
    $LTC Litecoin $44.96 (1.68B)

For a longer news piece related to BCH that’s been generating discussion, check out:

General Bytes ATM Developers Add Two-Way Support for Bitcoin Cash-Based SLP Tokens | Bitcoin News

Now the cryptocurrency automatic teller machine (ATM) manufacturer, General Bytes, announced the team has recently implemented two-way support for the SLP token standard on the Bitcoin Cash chain….Wismeijer further stated: General Bytes was the first ATM company to support ERC20 tokens on cryptocurrency ATMs but because of the wallet issues, we found only a very slow uptick in the number of supported tokens — SLP suffers from none of these problems so if clients want to create a token, we recommend using the Simple Ledger Protocol instead….“Currently, a large number of stablecoins run on the Ethereum platform, and many would be far easier (and faster) to implement on the BCH chain as SLP tokens.” What do you think about General Bytes ATMs adding SLP token support?…Regulators are concerned that bitcoin exchanges and other crypto companies ……Bitcoin Trader: Google Helps Scam Crypto Trading App Look Legit in Reviews Bitcoin Trader has been heavily promoting itself as the best and safest automated cryptocurrency trading app that can help people earn $1,300 a day.