Bitcoin Cash is on a Tear — Due for a Pullback?

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $0.31 (0.11%) from the day prior.
  • The daily chart shows that Bitcoin Cash has seen 2 straight up days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up 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 $-0.79 (-0.29%) from the day prior.
  • The daily chart shows that Bitcoin Cash has seen 2 straight down days.
  • As for the trend on the daily timeframe, we see the clearest trend 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 downtrend on the 20 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.
  • 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

  • Over the past 135 days, BCH’s number of daily new addresses has been in a clear downtrend, falling by about 203.39 per day.
  • BCH’s daily transaction count now stands at 0.
  • BCH has a daily transaction count of 0, NA NaN% from its value day prior.