Is Bitcoin Cash (BCH) Heading the Right Direction Thursday?

Bitcoin Cash receives a strong long-term technical score of 73 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

BCH currently holds a superior long-term technical analysis score than 73% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.

Trading Analysis

BCH is currently $24.1300000 (21.99%) above its 100-day moving average price of $109.720000000 with its current price of $133.840000000. Meanwhile, Bitcoin Cash is $45.5600000 (139.14%) above its 52-week low price of $88.290000000 and -$255.57000000 (31.80%) below its 52-week high of $389.410000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 73. Trends for the long-term trading history of Bitcoin Cash suggest that traders are currently neutral on the coin.

Bitcoin Cash currently has a total market cap of $2,582,477,099.68 to go along with its average daily volume of $1,849,381,570.56 worth of the currency over the past seven days. BCH’s volume is below its seven day average as of the past 24 hours, with 239,902,383.27 exchanged in that period.

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

BCH’s historical trading over the past year gives it a a strong long-term technical score of 73 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.

Click Here to get the full Report on Bitcoin Cash (BCH).

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