Bitcoin Cash’s Daily Transaction Count is 96649 — How Did it Impact Price?

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is down $-2.81 (-0.46%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • 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 down $-2.7 (-0.44%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them so that price is now turning below it. 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’s daily large transaction count now stands at 1063.
  • Over the past 29 weeks, BCH’s daily transaction count has been in a clear downtrend, falling by about 1318.44 per day.
  • BCH has a number of daily new addresses of 57825, up 35.74% from its value day prior.

Featured Bitcoin Cash Idea From TradingView

Below is a trading comment entitled Trading recommendation for BCH you may find interesting:

In the previous trade, the stop loss was triggered, but bitcoin acted as a guide, which generally indicates an ongoing trend. We see an impulse on volume, which occurs at the exit from the support zone, which is also a signal for the continuation of the upward movement.

Maxones