Bitcoin = gold 2.0.
What do you think about the singapore-based exchange bit.com launching bitcoin cash perpetual swaps and options?
Relative to other instruments in the top cryptos asset class, bitcoin cash ranked 6th since the previous day in terms of percentage price change.
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
No one can close bitcoin cash but bank accounts can be seized or charged taxes even in pandemic times!
For another vantage point, consider that bitcoin cash’s price has gone up 18 of the previous 30 trading days.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
This move is a reversal from the hour prior, which saw price move down.
The price move occurred on volume that was up 0.43% from the day prior, but down 42.09% from the same day the week before.
This move happened on lower volume, as yesterday’s volume was down 27.62% from the day before — and down 13.26% from the same day the week before.