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

Friday, June 02, 2023 12:06 PM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has gained 0.89% to $114.1.

InvestorsObserver is giving Bitcoin Cash a 16 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 16, placing it in the bottom 16% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. BCH's low volatility reading pairs 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 above resistance. With support around $112.15 and resistance around $113.79. This leaves Bitcoin Cash out of range and potentially in a volatile position if the rally burns out.

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.