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

The Daily View for Bitcoin Cash

  • Currently, BCH’s price is up $2.26 (1.77%) from the day prior.
  • Bitcoin Cash has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 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 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 up $2.26 (1.77%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Bitcoin Cash has now gone down 8 of the past 10 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 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’s daily large transaction count now stands at 0.
  • Over the past 94 days, the trend for BCH’s count of active 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.