Bitcoin Cash (BCH): How Does the Chart Look Friday?

Friday, August 12, 2022 02:13 PM | InvestorsObserver Analysts

InvestorsObserver gives Bitcoin Cash a strong long-term technical score of 82 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. BCH at this time has a superior long-term technical analysis score than 82% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Bitcoin Cash a 82 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

BCH is currently -$13.3000000 (-8.63%) below its 100-day moving average price of $154.030000000 with its current price of $140.730000000. Meanwhile, Bitcoin Cash is $44.7300000 (135.13%) above its 52-week low price of $96.000000000 and -$660.76000000 (16.31%) below its 52-week high of $801.490000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 82. Trends for the long-term trading history of Bitcoin Cash suggest that traders are currently neutral on the coin. Bitcoin Cash currently has a total market cap of $2,694,075,261.81 to go along with its average daily volume of $2,013,949,073.14 worth of the currency over the past seven days. BCH's volume is below its seven day average as of the past 24 hours, with 217,025,214.49 exchanged in that period. 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 82 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).