Is Bitcoin Cash (BCH) Trending Lower or Higher Wednesday?

Wednesday, January 05, 2022 01:49 PM | InvestorsObserver Analysts

Bitcoin Cash receives an average long-term technical score of 34 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, BCH holds a superior long-term technical analysis score than 34% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Bitcoin Cash a 34 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash!

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Trading Analysis

The current trading price of $424.620000000 for BCH is -$122.1400000 (-22.34%) below the coins 100-day moving average of $546.770000000. BCH meanwhile is $70.0700000 (116.66%) above its 52-week low of $354.560000000 and -$1,210.53000000 (25.36%) under its 52-week high price of $1,635.150000000. Bitcoin Cash's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 34. The price movement and range of BCH suggest that investors are bearish on the coin at this time. Bitcoin Cash has a total market value of $8,045,306,089.96 with an high average daily volume of $33,005,990,726.86 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BCH's volume is below its average with $5,138,559,824.98 exchanged in total. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Technical analysis of Bitcoin Cash over the past year results in the crypto receiving a an average long-term technical score of 34 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Bitcoin Cash (BCH).