Is it Time to Cash Out?
- December 31, 2022
- No Comment
Bitcoin Cash (BCH) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Digital Money has added 0.77% to $97.33.
InvestorsObserver gives Bitcoin Cash a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
BCH’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Bitcoin Cash price is in a favorable position going forward. With support set at $95.39 and resistance at $98.11. This leaves Bitcoin Cash with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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