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

The Daily View for Bitcoin Cash

  • At the moment, BCH’s price is down $-5.52 (-2.85%) from the day prior.
  • Bitcoin Cash has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Bitcoin Cash’s hourly price chart is shown below.

BCH

The Daily View for Bitcoin Cash

  • At the moment, BCH’s price is down $-5.47 (-2.82%) from the day prior.
  • Bitcoin Cash has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • 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.
  • Divergence between BCH’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BCH’s price.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • BCH has a number of daily new addresses of 0, NA NaN% from its value day prior.
  • Over the past 129 days, the trend for BCH’s average transaction value has been choppy and unclear. It has oscillated between 0 and 118.921.
  • BCH’s count of active addresses now stands at 0.