Bitcoin Cash’s Number Of Daily New Addresses is 0 — How Did it Impact Price?

The Daily View for Bitcoin Cash

  • Currently, BCH’s price is up $0.04 (0.03%) from the day prior.
  • Bitcoin Cash has seen its price go up 5 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • 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 20, 10 and 5 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.

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 $0.09 (0.08%) from the day prior.
  • This is the 2nd day in a row Bitcoin Cash has seen its price head up.
  • Regarding the trend, note that the strongest trend exists on the 50 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 an uptrend on the 20 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 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.
  • Divergence alert: Trend in BCH’s price and its RSI are diverging. BCH’s price is rising slower than its RSI.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • Over the past 53 days, the trend for BCH’s number of daily new addresses has been choppy and unclear. It has oscillated between 0 and 0.
  • BCH’s count of active addresses now stands at 0.
  • BCH has a daily large transaction count of 0, NA NaN% from its value day prior.