{"id":263962,"date":"2022-10-15T03:00:23","date_gmt":"2022-10-14T21:30:23","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=263962"},"modified":"2022-10-14T20:23:03","modified_gmt":"2022-10-14T14:53:03","slug":"bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/","title":{"rendered":"Bitcoin Cash [BCH]: All you need to know before you write off this alt"},"content":{"rendered":"

Sharing a statistically significant positive correlation with the leading coin Bitcoin [BTC]<\/a>, Bitcoin Cash [BCH]<\/a> logged a decline in its price in the last week. According to data from the cryptocurrency analytics platform <\/span>CoinMarketCap<\/span><\/a>, the price per BCH coin fell by 8% in the past seven days.\u00a0<\/span><\/p>\n

Data from Santiment <\/a>showed that the consistent decline in the price of the asset pointed to BCH distribution by investors.\u00a0<\/span><\/p>\n

Also, the surge in BCH\u2019s trading volume and the lack of a corresponding price rally during intraday trading hours on 13 October hinted at buyers\u2019 exhaustion. As per CoinMarketCap, BCH\u2019s trading volume had rallied by 65% in the last 24 hours.<\/span><\/p>\n

\"\"<\/a>
Source: Santiment<\/figcaption><\/figure>\n

Sellers \u201ccashing\u201d out<\/b><\/h3>\n

With the last seven days marked by a decline in BCH\u2019s price, buying pressure dropped in the last week on a daily chart. As a result, on 5 October, the asset\u2019s Relative Strength Index (RSI) and Money Flow Index (MFI) fell below their respective neutral lines to pursue new lows.\u00a0<\/span><\/p>\n

At press time, the MFI inched toward the oversold region at 33.41. Following a similar progression, BCH\u2019s RSI rested at 41.79 at press time. <\/span><\/p>\n

As sellers gradually overran the BCH market, a new bear cycle was initiated on 10 October. At press time, the Moving average convergence divergence (MACD) was made of red histogram bars with an intersection of the MACD line (blue) with the trend line (red) in a downtrend.\u00a0<\/span><\/p>\n

In addition, a look at the asset\u2019s On-balance volume (OBV) confirmed that investors have heavily distributed BCH since 9 September. The indicator has since been on a downtrend, and the price has fallen by 15%.<\/span><\/p>\n

\"\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Before you write off the Bitcoin fork<\/b><\/h3>\n

While these key indicators have shown a decline in BCH\u2019s accumulation in the last week, a look at the asset\u2019s Chaikin Money Flow (CMF) revealed a divergence with its price.<\/span><\/p>\n

In the face of its falling price, BCH\u2019s CMF rested above the center line to post a positive value of 0.08. This typically represents a surge in buying pressure which usually precipitates a rally in the price of an asset.\u00a0<\/span><\/p>\n

However, as in the current market, a CMF\/price divergence occurs when the price of a crypto asset trades at the oversold zone while its CMF continues to rise. This is usually taken as a buy signal, so traders looking to move against the market need to take note of this.<\/span><\/p>\n

\"\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Sharing a statistically significant positive correlation with the leading coin Bitcoin [BTC], Bitcoin Cash [BCH] logged a decline in its price in the last week. According to data from the cryptocurrency analytics platform CoinMarketCap, the price per BCH coin fell by 8% in the past seven days.\u00a0 Data from Santiment showed that the consistent declineContinue reading “Bitcoin Cash [BCH]: All you need to know before you write off this alt”<\/span><\/a><\/p>\n","protected":false},"author":64,"featured_media":263976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,52,66,3,4,20],"tags":[],"class_list":["post-263962","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-bitcoin-cash-bch-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nBitcoin Cash [BCH]: All you need to know before you write off this alt - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Sharing a statistically significant positive correlation with the leading coin Bitcoin [BTC], Bitcoin Cash [BCH] logged a decline...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash [BCH]: All you need to know before you write off this alt - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Sharing a statistically significant positive correlation with the leading coin Bitcoin , Bitcoin Cash logged a decline in its price in the last week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-14T21:30:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abiodun Oladokun\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/0xAbiodun\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abiodun Oladokun\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/\"},\"author\":{\"name\":\"Abiodun Oladokun\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/448f3184b94221384fedfce7a5981ea2\"},\"headline\":\"Bitcoin Cash [BCH]: All you need to know before you write off this alt\",\"datePublished\":\"2022-10-14T21:30:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/\"},\"wordCount\":434,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg\",\"articleSection\":[\"Altcoin\",\"Bitcoin Cash\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/\",\"name\":\"Bitcoin Cash [BCH]: All you need to know before you write off this alt - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg\",\"datePublished\":\"2022-10-14T21:30:23+00:00\",\"description\":\"Sharing a statistically significant positive correlation with the leading coin Bitcoin [BTC], Bitcoin Cash [BCH] logged a decline...\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg\",\"width\":1200,\"height\":900},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/448f3184b94221384fedfce7a5981ea2\",\"name\":\"Abiodun Oladokun\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/image-150x150.jpeg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/image-150x150.jpeg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/image-150x150.jpeg\",\"caption\":\"Abiodun Oladokun\"},\"description\":\"Abiodun is a freelancer writer working with AMBCrypto. He is also a lawyer with over 2 years of experience. With a keen interest in blockchain technology and its limitless possibilities, Abiodun spends his time understanding the technology, building projects, and educating people about it.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/abiodun-oladokun-068808168\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/0xAbiodun\"],\"knowsAbout\":[\"Technical Analysis\",\"Crypto Market Trends\",\"Crypto Market Analysis\"],\"jobTitle\":\"Journalist\",\"worksFor\":\"AMBCrypto\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/abiodun-oladokun\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Cash [BCH]: All you need to know before you write off this alt - AMBCrypto","description":"Sharing a statistically significant positive correlation with the leading coin Bitcoin [BTC], Bitcoin Cash [BCH] logged a decline...","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Cash [BCH]: All you need to know before you write off this alt - AMBCrypto","og_description":"Sharing a statistically significant positive correlation with the leading coin Bitcoin , Bitcoin Cash logged a decline in its price in the last week.","og_url":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2022-10-14T21:30:23+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg","type":"image\/jpeg"}],"author":"Abiodun Oladokun","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/0xAbiodun","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Abiodun Oladokun","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/"},"author":{"name":"Abiodun Oladokun","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/448f3184b94221384fedfce7a5981ea2"},"headline":"Bitcoin Cash [BCH]: All you need to know before you write off this alt","datePublished":"2022-10-14T21:30:23+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/"},"wordCount":434,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg","articleSection":["Altcoin","Bitcoin Cash","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/","url":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/","name":"Bitcoin Cash [BCH]: All you need to know before you write off this alt - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg","datePublished":"2022-10-14T21:30:23+00:00","description":"Sharing a statistically significant positive correlation with the leading coin Bitcoin [BTC], Bitcoin Cash [BCH] logged a decline...","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/bitcoin-bch-all-you-need-to-know-before-you-write-off-this-alt\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/engin-akyurt-46g_OpI_spA-unsplash-1.jpg","width":1200,"height":900},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/448f3184b94221384fedfce7a5981ea2","name":"Abiodun Oladokun","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/image-150x150.jpeg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/image-150x150.jpeg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/image-150x150.jpeg","caption":"Abiodun Oladokun"},"description":"Abiodun is a freelancer writer working with AMBCrypto. He is also a lawyer with over 2 years of experience. With a keen interest in blockchain technology and its limitless possibilities, Abiodun spends his time understanding the technology, building projects, and educating people about it.","sameAs":["https:\/\/www.linkedin.com\/in\/abiodun-oladokun-068808168\/","https:\/\/x.com\/https:\/\/twitter.com\/0xAbiodun"],"knowsAbout":["Technical Analysis","Crypto Market Trends","Crypto Market Analysis"],"jobTitle":"Journalist","worksFor":"AMBCrypto","url":"https:\/\/ambcrypto.com\/author\/abiodun-oladokun\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/263962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=263962"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/263962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/263976"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=263962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=263962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=263962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}