Bitcoin Cash’s Cold Streak: Down 8 of the Past 10 Days

The Daily View for Bitcoin Cash

  • Currently, BCH’s price is down $-1.44 (-1.28%) 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 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning below 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

  • At the time of this writing, BCH’s price is up $2.05 (1.88%) from the day prior.
  • Bitcoin Cash has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 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 and 10 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 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.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • Over the past 93 days, the trend for BCH’s count of active addresses has been choppy and unclear. It has oscillated between 0 and 0.
  • For BCH, its average transaction value is now at 0.
  • BCH has a count of active addresses of 0, NA NaN% from its value day prior.