Wondering About Bitcoin Cash’s Latest Daily Large Transaction Count? Read to Find Out

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $0.9 (0.19%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Bitcoin Cash. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Bitcoin Cash’s hourly price chart is shown below.

BCH

The Daily View for Bitcoin Cash

  • At the time of this writing, BCH’s price is up $1.28 (0.27%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Of note is that the 100 day changed directions on BCH; it is now pointing up. 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

  • BCH has a count of active addresses of 88120, up 13.17% from its value day prior.
  • Over the past 29 weeks, the trend for BCH’s daily large transaction count has been choppy and unclear. It has oscillated between 0 and 102393.
  • For BCH, its daily large transaction count is now at 1209.

Latest News Discussing BCH

  • Why eCash Is Soaring Today – newsfeedback@fool.com (Zhiyuan Sun)
    September 28, 2021

    This cryptocurrency, a byproduct of a Bitcoin “civil war,” is gaining investor adoption.