Bitcoin Cash is Up for the 2nd Day in a Row

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $0.86 (0.14%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Bitcoin Cash has now gone up 8 of the past 10 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash’s hourly price chart is shown below.

BCH

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $0.76 (0.13%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Bitcoin Cash has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 50 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.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • BCH has an average transaction value of 109.1629, down 7.77% from its value day prior.
  • 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’s average transaction value now stands at 109.1629.

Featured Bitcoin Cash Idea From TradingView

Below is a trading comment entitled BCH 200% pumping SOON you may find interesting:

it can be happen after the bitcoin back to 62K level then We can see the 2800 & 4400 Targets from Bch

OmidRafati