Wondering About Bitcoin Cash’s Latest Average Transaction Value? Read to Find Out

The Daily View for Bitcoin Cash

  • At the moment, BCH’s price is down $-4.35 (-0.78%) from the day prior.
  • Bitcoin Cash has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bitcoin Cash’s hourly price chart is shown below.

BCH

The Daily View for Bitcoin Cash

  • At the moment, BCH’s price is down $-20.37 (-3.56%) from the day prior.
  • Bitcoin Cash has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between BCH’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BCH’s price.

Below is a daily price chart of Bitcoin Cash.

BCH

The Latest From BCH’s Blockchain

  • Over the past 29 weeks, the trend for BCH’s average transaction value has been choppy and unclear. It has oscillated between 0 and 16707363971.946.
  • For BCH, its daily transaction count is now at 93081.
  • BCH has an average transaction value of 118.3652, down 3.63% from its value day prior.