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Bitcoin Cash (BCH) Rises 0.89%, Underperforms the Crypto Market Wednesday

Wednesday, July 06, 2022 03:27 PM | InvestorsObserver Analysts
Bitcoin Cash (BCH) Rises 0.89%, Underperforms the Crypto Market Wednesday

Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has advanced 0.89% to $105.72.

volatility - 31
InvestorsObserver is giving Bitcoin Cash a 31 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 31, placing it in the bottom 31% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. BCH's moderate volatility reading pairs 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 in a favorable position going forward. With support at $101.89 and resistance near $107.98. This leaves 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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