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Bitcoin Cash: As unique active addresses surge, how did BCH react?

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The number of unique active addresses involved in Bitcoin Cash [BCH] transactions daily climbed to a one-month high during the...

The daily number of unique active addresses trading Bitcoin Cash has reached a one-month high. However, with the market severely plagued by bearish sentiments, the coin’s price has failed to react.Bitcoin [BTC]

It is often used to identify potential buying and selling opportunities. According to the model, when an asset’s price rises while the daily count of active addresses declines, it is taken as a sign that the price rally is unsustainable and that a sell-off is imminent. While this metric suggests that BCH’s price might soon witness an upward correction, key indicators observed on a daily chart indicate otherwise.

 

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