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Bitcoin cash (BCH) price is close to US $ 254.49; it breaks the 100-day and 200-day moving averages

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4 months ago

Bitcoin cash (BCH) price is close to US $ 254.49; It breaks the 100-day and 200-day moving averages for the seventh day in a row and approaches the 100-day average

Currently, the price of BCH is 31 0.31 (0.12%) higher than the previous hour. This is the reverse of the price trend in the previous hour, when prices were falling. The moving average over a 3-hour period indicates that the 20, 50, 100 and 200 are all in a rough order, which means that the short-term moving average is lower than the long-term average, i.e. a steady downward trend.

 

 

Bitcoin Cash Daily Price Review

 

Since the previous day, Bitcoin cash has risen 5.67% (61 13.61), marking the seventh consecutive day of improvement. In terms of transaction volume, yesterday's transaction volume was 72.59% higher than the previous day (Monday) and 52.96% higher than the previous week's Tuesday. Since the previous day, Bitcoin Cash has outperformed all 7 assets in the first crypto asset class. Congratulations to its holders! Let’s look at the daily price chart of Bitcoin money.

 

 

Bitcoin Cash Technical Analysis

 

The moving average shortcuts are always interesting, so let’s start here: Bitcoin cash broke its 100 and 200 day moving averages yesterday. Trend traders will like to notice the strong trends appearing on the 14 day horizon; At the moment, prices are rising. For other situations, keep in mind that prices have risen 19 percent in the last 30 days.

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