Bitcoin Cash (BCH) Rises 2.52%, Outperforms the Crypto Market Thursday

Thursday, August 11, 2022 01:50 PM | InvestorsObserver Analysts

Bitcoin Cash (BCH) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has gained 2.52% to $145.17.

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!

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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 which means that one day won't define its volatility rank - a trend will. 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 trading near resistance. With support set at $134.94 and resistance near $145.68. 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.