Bitcoin Cash (BCH), Low Volatility but Falling Monday: Is it Time to Cash Out?

Monday, January 30, 2023 04:19 PM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has dropped 6.07% to $128.89.

InvestorsObserver is giving Bitcoin Cash a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!

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Low Volatility

InvestorsObserver gives Bitcoin Cash a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. BCH's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Bitcoin Cash price is trading near resistance. With support near $123.12 and resistance at $128.95. This positions Bitcoin Cash with potential selling pressures ahead as it may be getting over extended.

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.