Bitcoin Cash’s Hot Streak: Up 4 of the Past 5 Days

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $0.1 (0.02%) from the day prior.
  • The daily chart shows that Bitcoin Cash has seen 2 straight up days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Bitcoin Cash. Given that we see an uptrend on the 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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 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.

Bitcoin Cash’s hourly price chart is shown below.

BCH

The Daily View for Bitcoin Cash

  • At the moment, BCH’s price is up $15.63 (2.47%) 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.
  • As for the trend on the daily timeframe, we see the clearest trend 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.
  • 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 average transaction value now stands at 90.359.
  • Over the past 29 weeks, the trend for BCH’s number of daily new addresses has been choppy and unclear. It has oscillated between 0 and 80825.
  • BCH has an average transaction value of 90.359, up 2.12% from its value day prior.