Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has dropped 4.06% to $112.97.
InvestorsObserver is giving Bitcoin Cash a 30 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!
Moderately Volatile
InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 30, placing it in the bottom 30% of cryptos on the market.The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. BCH's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Bitcoin Cash price is in a good position going forward. With support set at $103.83 and resistance set at $121.63. This positions Bitcoin Cash with room to run before facing selling pressures.