Bitcoin Cash (BCH) Closes Prior Hour Down -0.86%; 3 Day Down Streak Ended
Bitcoin = gold 2.0.
(Last Updated January 23, 2021)
Welcome to the news page for Bitcoin Cash (BCH). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On BCH, there is currently an uptrend on the 90 and 30 day timeframes.
BCH’s moving averages suggest the trend on a number of time horizons is bullish.
Below is a chart showing BCH’s price with its moving averages.
Currently, BCH’s price is down $-48.95 (-9.99%) from the week prior. Moreover, note that this is the 2nd week in a row BCH has seen its price head down. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows BCH’s price action over the past year.
Bitcoin = gold 2.0.
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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.
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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.