What do the Long-Term Technicals Predict for Bitcoin Cash (BCH) Thursday?

Thursday, March 28, 2024 06:13 AM | InvestorsObserver Analysts

Bitcoin Cash receives a strong long-term technical score of 85 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 85% 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 85 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

BCH is currently $261.2100000 (87.02%) above its 100-day moving average price of $300.170000000 with its current price of $561.390000000. Meanwhile, Bitcoin Cash is $465.6100000 (574.66%) above its 52-week low price of $95.780000000 and -$9.17000000 (96.64%) below its 52-week high of $570.550000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 85. Trends for the long-term trading history of Bitcoin Cash suggest that traders are currently neutral on the coin. Bitcoin Cash has a market capitalization of $11,048,872,309.33 and a relatively high average daily volume with $13,243,474,578.27 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BCH's volume is below its seven day average with 1,707,625,571.23 exchanged. 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

Trading patterns over the last year for Bitcoin Cash leads to the coin's a strong long-term technical score of 85 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Bitcoin Cash (BCH).