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Bitcoin Cash (BCH) Rises 0.68%, Outperforms the Crypto Market Friday

Friday, March 01, 2024 12:25 PM | InvestorsObserver Analysts
Bitcoin Cash (BCH) Rises 0.68%, Outperforms the Crypto Market Friday

Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has added 0.68% to $312.18.

volatility - 27
InvestorsObserver is giving Bitcoin Cash a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!

Moderately Volatile

InvestorsObserver gives Bitcoin Cash a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BCH's moderate volatility reading is paired 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 well positioned going forward. With support at $293.91 and resistance near $324.45. This positions Bitcoin Cash with room to run before facing selling pressures.

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.

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