(Last Updated May 28, 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:
On BCH, there is currently a downtrend on the 30 and 14 day timeframes.
BCH’s moving averages suggest the trend on a number of time horizons is bearish.
Below is a chart showing BCH’s price with its moving averages.
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This move happened on lower volume, as yesterday’s volume was down 14.16% from the day before — and down 53.6% from the same day the week before.
This move happened on lower volume, as yesterday’s volume was down 22.25% from the day before — and down 34.24% from the same day the week before.
The change in price came along side change in volume that was up 11.17% from previous day, but down 56.62% from the monday of last week.
Relative to other instruments in the top cryptos asset class, bitcoin cash ranked 4th since the previous day in terms of percentage price change.
This move happened on lower volume, as yesterday’s volume was down 33.23% from the day before — and down 23.63% from the same day the week before.
This move happened on lower volume, as yesterday’s volume was down 39.66% from the day before — and down 15.36% from the same day the week before.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
As for how volume fared, yesterday’s volume was up 21.65% from the previous day (tuesday), and up 24.34% from wednesday of the week before.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.