Bitcoin Cash receives an average long-term technical score of 43 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 43% 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.
BCH is currently -$35.2200000 (-20.74%) below its 100-day moving average price of $169.850000000 with its current price of $134.630000000. Meanwhile, Bitcoin Cash is $38.6300000 (128.77%) above its 52-week low price of $96.000000000 and -$666.86000000 (15.55%) below its 52-week high of $801.490000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 43. Trends for the long-term trading history of Bitcoin Cash suggest that traders are currently bearish on the coin.
Bitcoin Cash currently has a total market cap of $2,576,057,013.15 to go along with its average daily volume of $1,940,605,154.99 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 316,231,861.06 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.
Technical analysis of Bitcoin Cash over the past year results in the crypto receiving a an average long-term technical score of 43 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
This news is republished from another source. You can check the original article here.