Bitcoin Cash (BCH) Down 0.03% Tuesday: What's Next?

Tuesday, October 11, 2022 08:56 AM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Digital Money has declined 3.41% to $111.86.

InvestorsObserver is giving Bitcoin Cash a 29 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!

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Moderately Volatile

InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 29, placing it in the bottom 29% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. BCH's moderate volatility reading comes 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 well positioned going forward. With support set at $107.3 and resistance set at $113.48. This positions 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.