BCH BTC Bitcoin Cash Technical Analysis

Bitcoin Cash logo In this Bitcoin Cash technical analysis, we will examine the current price action, trading volume, key levels and indicators for BCH-BTC. Bitcoin Cash (BCH) is a fork of the original Bitcoin (BTC) blockchain that was created in August 2017. It was designed to increase the block size limit, allowing for faster transaction processing and lower fees. Since its creation, BCH has gained popularity among users who value fast and cheap transactions, leading to a significant increase in market capitalization.

Bitcoin Cash Price Overview:

As of October 02, 2023, Bitcoin Cash is trading at approximately 0.0089 BTC. Let’s dive into the detailed price action for BCH-BTC:

Metric Value
Open (O) 0.00865
High (H) 0.00909
Low (L) 0.00854
Close (C) 0.0089
Volume (C) 15,595.60
  • Open (O): The opening price for today’s trading session was approximately 0.00865 BTC.
  • High (H): Bitcoin Cash reached a daily high of around 0.00909 BTC.
  • Low (L): The daily low for BCH-BTC was approximately 0.00854 BTC.
  • Close (C): At the time of analysis, Bitcoin Cash is trading near its daily close of 0.0089 BTC.
Metric Value
1D Change (%) 2.89%
3D Change (%) 1.95%
7D Change (%) 11.25%
30D Change (%) 18.19%
90D Change (%) 0.56%
YTD Change (%) 51.88%

Over the past three days, BCHBTC has risen by approximately 1.95%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 11.25%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BCHBTC maintaining an upward trend of approximately 18.19%, despite intermittent fluctuations. Examining the last 90 days, BCHBTC has witnessed substantial rise of approximately 0.56%, reflecting strong long-term confidence. Year-to-date, BCHBTC has steadily appreciated by around 51.88%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Bitcoin Cash Live Chart:

You can access a live price chart for BCH-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.3311.
  • Momentum score is 0.18194.

BCH BTC Technical Analysis

Bitcoin Cash Trading Volume:

The trading volume for Bitcoin Cash (BCH) over the past 24 hours has been significant, with approximately 15,595.60 BTC traded against BCH. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): BCH is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Bitcoin Cash is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for BCH-BTC is currently in the high zone, around 61.35487. This suggests that Bitcoin Cash is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

Bitcoin Cash (BCH-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and significant trading volume are high signals for potential upward movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.