Bitcoin Cash’s Count Of Active Addresses is 104973 — How Did it Impact Price?

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $0.13 (0.02%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists 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.
  • 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 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 moment, BCH’s price is down $-15.57 (-2.55%) from the day prior.
  • This is the 2nd day in a row Bitcoin Cash has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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 a count of active addresses of 104973, down 11.85% from its value day prior.
  • Over the past 29 weeks, the trend for BCH’s count of active addresses has been choppy and unclear. It has oscillated between 0 and 144996.
  • BCH’s average transaction value now stands at 127.7519.