Bitcoin Cash Does it Again: Heads Down for the 2nd Straight Day

The Daily View for Bitcoin Cash

  • Currently, BCH’s price is down $-0.48 (-0.09%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Of note is that the 20 day changed directions on BCH; it is now pointing down. The moving averages on the daily 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’s hourly price chart is shown below.

BCH

The Daily View for Bitcoin Cash

  • Currently, BCH’s price is down $-1.55 (-0.28%) from the day prior.
  • The daily chart shows that Bitcoin Cash has seen 2 straight down days.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Bitcoin Cash. Given that we see an uptrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily 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.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • BCH’s count of active addresses now stands at 81093.
  • Over the past 29 weeks, the trend for BCH’s daily large transaction count has been choppy and unclear. It has oscillated between 0 and 102393.
  • BCH has a daily large transaction count of 1014, up 7.07% from its value day prior.