Bitcoin Cash Does it Again: Heads Down for the 5th Straight Day

The Daily View for Bitcoin Cash

  • At the moment, BCH’s price is down $-0.23 (-0.17%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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 $-0.26 (-0.19%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Bitcoin Cash has now gone down 5 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Of note is that the 50 day changed directions on BCH; it is now pointing up. 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

  • For BCH, its daily large transaction count is now at 0.
  • Over the past 47 days, the trend for BCH’s number of daily new addresses has been choppy and unclear. It has oscillated between 0 and 0.
  • BCH has a count of active addresses of 0, NA NaN% from its value day prior.