Bitcoin Cash (BCH) Down 0% Monday: What's Next?

Monday, June 06, 2022 09:42 AM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has fallen 0.3% to $186.72.

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!

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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 meaning that one day won't make or break its rank. 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 favorably positioned going forward. With support around $180.71 and resistance at $190.71. 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.