Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 1.11% to $121.81.
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 follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BCH's moderate volatility reading pairs 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 trading near resistance. With support around $118.76 and resistance near $122.76. This positions Bitcoin Cash with potential selling pressures ahead as it may be getting over extended.