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 $-0.31 (-0.27%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Bitcoin Cash has now gone down 4 of the past 5 days.
  • 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 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 $-1.86 (-1.58%) from the day prior.
  • This is the 2nd day in a row Bitcoin Cash has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • 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.
  • 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 daily transaction count of 0, NA NaN% from its value day prior.
  • Over the past 54 days, the trend for BCH’s average transaction value has been choppy and unclear. It has oscillated between 0 and 0.
  • BCH’s daily large transaction count now stands at 0.