Bitcoin Cash (BCH), Moderate Volatility and Falling Sunday: Is it Time to Cash Out?

Sunday, August 13, 2023 12:08 PM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has declined 0.19% to $228.66.

InvestorsObserver is giving Bitcoin Cash a 51 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!
See Full Report

Moderately Volatile

InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 51, placing it in the top 49% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. BCH's moderate volatility reading is paired 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 favorably positioned going forward. With support set at $227.12 and resistance around $229.95. This leaves Bitcoin Cash with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

Share this article:

Related Articles