Bitcoin Cash

(Last Updated September 21, 2020)

Welcome to the news page for Bitcoin Cash (BCH). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

A trend/countertrend situation exists on BCH, in which an uptrend exists on shorter timeframes but a downtrend appears on the 30 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.

BCH Moving Averages

BCH’s moving averages suggest the trend on a number of time horizons is bearish.

The chart below illustrates.

The View From the Weekly Timeframe

Currently, BCH’s price is down $-7.03 (-3.01%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. BCH’s weekly price action over the past 52 weeks can be seen via the chart below.