Bitcoin Cash (BCH): How Does it Rank Sunday on Long-Term Trading Metrics?

Sunday, February 05, 2023 05:07 PM | InvestorsObserver Analysts

Bitcoin Cash receives a strong long-term technical score of 87 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, BCH holds a superior long-term technical analysis score than 87% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Bitcoin Cash a 87 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!

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Trading Analysis

Bitcoin Cash's price is $21.5200000 (19.17%) above its 100-day moving average price of $112.300000000 as its price at the moment sits at $133.820000000. Additionally, BCH is $45.5300000 (139.11%) higher than its 52-week low price of $88.290000000 while -$255.60000000 (31.80%) under its 52-week high of $389.410000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives BCH a strong long-term technical score of 87. Long-term trading movement of Bitcoin Cash suggest that investors are neutral on the coin at the moment. Bitcoin Cash has a market capitalization of $2,583,219,133.65 and a relatively high average daily volume with $1,477,330,819.73 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BCH's volume is below its seven day average with 165,351,031.69 exchanged. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Trading patterns over the last year for Bitcoin Cash leads to the coin's a strong long-term technical score of 87 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Bitcoin Cash (BCH).