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#Bitcoin Cash Price Analysis

5 reasons which predict bitcoin cash rise this year.

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Bitcoin is experiencing issues with its scalability. The block size was the limitation. Here are five reasons which mark the Bitcoin cash rise in 2018.

2018 is the year for Bitcoin cash rise.

Introduction

Bitcoin was initiated in the year 2009, followed by which, due to a number of inefficiencies and drawbacks of the cryptocurrency coin, a number of hard forks along with many other cryptocurrencies well developed in order to mitigate the real-time issues. A hard fork is nothing but slight change in the working mechanism of an existing cryptocurrency coin and developing a brand new coin out of it. Until now, Bitcoin is the only cryptocurrency with the highest number of forks. Many forks have become popular due to their use cases, and many of them have completely lost among the myriad of cryptocurrencies.

 

Bitcoin Cash rise is inevitable

Among Litecoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Dark, and many other Bitcoin forks. Bitcoin Cash has been the only one which has successfully been able to tip the popularity among the investors as well as the cryptocurrency market in general. In basically makes a small change to the cryptocurrency working mechanism. Bitcoin was experiencing issues with its scalability as a number of people started to use it for various purposes. Therefore, the block size was the limitation. Below are the five reasons which mark the Bitcoin cash rise in 2018.

1. Bitcoin Cash effectively increased the block size from 1MB to 8MB. This was highly useful as more number of transactions could be accommodated within a single block and hence scalability was mitigated. According to its working mechanism, the Bitcoin cash community as predefined that scalability would consistently be resolved at an interval of 6 years, where the block size would be increased according to the market demand. Also most recently in the year 2018 itself, the Bitcoin Cash community had come forward, in order to meet the scalability requirements and increased the block size from 8 MB to almost 32 MB. This increased the capacity by 4 times the previous capacity.

 

2. The Bitcoin cash rise is inevitable as the cryptocurrency coin since its inception has been receiving amazing infrastructural support and many cryptocurrency wallet providers, payment method Agencies, as well as cryptocurrency exchanges,  have incorporated Bitcoin Cash. It is one of the most popular and important Bitcoin forks. The investors must consider investing in Bitcoin Cash, as the market is going to experience the Bitcoin cash rise recently. It is estimated that no other cryptocurrency coin has been able to attract so much popularity within such a small time window.

 

3. Its amazing support from the community members has been one of the major reasons for its sustainment in the market. It is said that the community had been formed, way before the hard work was initiated, and they even were banned from Reddit discussions, for discussing the importance of increasing the block size. They were constantly being suppressed but were stubborn enough to stick on to their idea. Also, the community members were able to improve the Difficulty Adjustment Algorithm within the Bitcoin cash working mechanism.

 

4. Bitcoin cash has been the closest to the vision of Satoshi Nakamoto which indirectly renders the Bitcoin cash rise. The Bitcoin cash community has successfully been able to implement a scalable blockchain network, which can be utilized be by all the members throughout the world, with low transaction fees and negligible delay. The fees are very crucial, as it is still highly unaffordable by the citizens of various developing nations across the world and Bitcoin Cash seems to care about them too. This would definitely lead to Bitcoin Cash rise in 2018.

 

5. The transaction fees have been one of the most prominent reasons for Bitcoin cash rise even in the past. The transaction fees are constantly kept under control through an increased block size and indirectly accommodating more number of transactions per block. As the community members are further looking forward to increasing the block size on a consistent basis the transaction fees would invariably be under control.  Its constant improvement within the blockchain network has been able to make Bitcoin cash one of the cheapest in terms of transaction fees when compared to other cryptocurrencies.

 

Closing thoughts

Bitcoin cash rise is inevitable by the end of 2018, as more number of investors, as well as users, would come forward and incorporate the Bitcoin cash. The experts also predict that there is a lot of innovation that is to come up, with the further development in the Bitcoin cash.

#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH post fork downfall

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Bitcoin cash price exchanged beneath the key $400 support. BCH/USD could amend higher, however, dealers are probably going to show up close $420 or $450. 

MACD – Set in the bullish zone.

Relative Strength Index – Cose to the 40 level.

Significant Support Level – $360

Significant Resistance Level – $405

 

Key Points

  • Bitcoin cash price expanded misfortunes and exchanged beneath the $400 level against the US Dollar.
  • There are two key bearish pattern lines set up with resistance at $420 and $450 on the hourly diagram of the BCH/USD pair (information feed from Kraken).
  • The pair stays at a danger of more misfortunes underneath the $360 level in the close term.

Bitcoin cash price exchanged beneath the key $400 support against the US Dollar. BCH/USD could amend higher, however, dealers are probably going to show up close $420 or $450.

 

Bitcoin Cash Price Analysis

Recently, we examined that bitcoin cash price could broaden misfortunes beneath $400 against the US Dollar. The BCH/USD pair remedied a couple of focuses as of late, yet it neglected to break the $450 resistance. Afterwards, there was a sharp drawback move and the price declined underneath the $420 and $400 supports. A new low was shaped at $360 and the price is currently exchanging admirably beneath the 100 hourly basic moving normal.

Right now, the price is solidifying misfortunes around the $380 level. It appears as though the 23.6% Lie retracement dimension of the last slide from the $451 high to $360 low is going about as a resistance. In addition, there are two key bearish pattern lines set up with resistance at $420 and $450 on the hourly outline of the BCH/USD pair. The principal bearish pattern line concurs with the half Lie retracement dimension of the last slide from the $451 high to $360 low. Consequently, the $400-405 zone could forestall gains in the close term.

 

BCH USD 1 day chart

BCH USD 1 day chart

 

Taking a gander at the diagram, Bitcoin cash price could rectify a couple of focuses above $390. Notwithstanding, purchasers are probably going to battle close $400, $405, $420 lastly $450. On the drawback, the following focus for sellers could be $350.

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#Bitcoin Cash Price Analysis

The Battle: Bitcoin Cash ABC Vs Bitcoin Cash SV

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Bitcoin Cash SV surpassed the BCH ABC today as Bitcoin Cash ABC has been experiencing a massive drop in price in the 24-hour chart. BCH ABC fell over 38%.

The upcoming Bitcoin Cash hardfork has created massive FUD amongst crypto traders and investors.

BCH SV surpassed the BCH ABC today as BCH ABC has been experiencing a massive drop in price in the 24-hour chart. BCH ABC fell over 38% while the upcoming fork BCH SB headed by Craig Wright saw a massive surge of over 100% in price.

 

BCHABC BTC 1 day chart

BCHABC BTC 1 day chart

BCHSV USDC 1 day chart

BCHSV USDC 1 day chart

(At the time of writing) BCH ABC is currently priced at around $245 while BCH SV is price around $230 with just a $10 difference.

The BCHSV plans to increase the block size of Bitcoin Cash to 128 MB, whereas BCHABC will make technical changes to make atomic swaps possible while maintaining the same block size of 32 MB.

The cryptocurrency market has seen quite a few hard forks now but this bitcoin cash hardfork has created an equality in the price of the coins which hasn’t been seen before.

What do you think about the massive fluctuations in the price of BCHABC and BCHSV? Tell us in the comments section below.

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#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: Will BCH fall down?

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Bitcoin cash price solidified close $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a good recuperation.

MACD – The MACD for BCH/USD is as yet put in the bearish zone.

Relative Strength Index – Close to the 50 levels.

Support Level – $500

Resistance Level – $535

 

BCH Price Key Points

  • Bitcoin cash price remained over the $496 swing low and solidified against the US Dollar.
  • There was a break over a key bearish pattern line with resistance at $510 on the hourly graph of the BCH/USD pair.
  • The pair attempted to move over the $530 resistance and the 100 hourly basic moving normal.

Bitcoin cash price solidified close $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a good recuperation.

 

Bitcoin Cash Price Analysis

Recently, there was another break beneath the $500 support in bitcoin cash price against the US Dollar. Be that as it may, the BCH/USD pair discovered support close to the last swing low at $496 and later recuperated. It exchanged over the $505 and $510 resistance levels to begin a recuperation. BCH price moved over the half Lie retracement level of the ongoing decay from the $562 high to $496 low.

Additionally, there was a break over a key bearish pattern line with resistance at $510 on the hourly outline of the BCH/USD pair. Be that as it may, bitcoin cash price attempted to break the $535-540 resistance zone and the 100 hourly straightforward moving normal. Additionally, BCH  price was dismissed close to the 61.8% Lie retracement level of the ongoing decay from the $562 high to $496 low. Accordingly, bitcoin cash price withdrew and exchanged underneath the $520 level. At the start, BCH price is by all accounts uniting over the $500 level. Purchasers should clear the $530, $535 and $540 resistance levels to begin an average bounce back.

 

BCHUSD 1 day chart

BCHUSD 1 day chart

 

Taking a gander at the outline, BCH price may keep on remaining over the $500 support region. Having said that, if purchasers keep on bombing close to the $535 level, bitcoin cash price may maybe break the $500 and $495 support levels.

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