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

Friday, March 29, 2024 06:38 AM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has added 8.07% to $609.82.

InvestorsObserver is giving Bitcoin Cash a 35 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 35, placing it in the bottom 35% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. BCH's moderate volatility reading comes 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 trading above resistance. With support set at $533.39 and resistance set at $590.27. This positions 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.