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

The Daily View for Bitcoin Cash

  • Currently, BCH’s price is up $1.8 (0.63%) from the day prior.
  • The daily chart shows that Bitcoin Cash has seen 2 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being above it. 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

  • Currently, BCH’s price is up $1.8 (0.63%) from the day prior.
  • The daily chart shows that Bitcoin Cash has seen 2 straight up days.
  • Regarding the trend, note that the strongest trend 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

  • BCH has a number of daily new addresses of 0, NA NaN% from its value day prior.
  • Over the past 139 days, BCH’s daily transaction count has been in a clear downtrend, falling by about 468.30 per day.
  • For BCH, its daily large transaction count is now at 0.