Connect with us

#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis BCH/USD Uptrend Continues 3 July

Published

on

Bitcoin Cash price decayed to move over the $775 obstruction and declined against the US Dollar. The current week's featured key bearish pattern line.

Key Points Bitcoin Cash Price Analysis BCH/USD Uptrend Continues 3 July

  • Bitcoin cash price exchanged further higher and broke the $750 obstruction zone against the US Dollar.
  • Yesterday’s featured declining channel was broken with opposition close $735 on the hourly outline of the BCH/USD combine (information feed from Kraken).
  • The match is currently exchanging easily over the $750 obstruction with positive signs for more picks up.

Bitcoin cash price is picking up force above $750 against the US Dollar. BCH/USD needs to clear the $800 boundary to broaden the current uptrend in the close term.

 

Bitcoin Cash Price Support

The previous three sessions were sure as bitcoin cash price picked up footing and stayed well above $700 against the US Dollar. The BCH/USD combine picked up force and broke the $740 and $750 opposition levels. There was an impeccable amendment yesterday as the price tried the half Fib retracement level of the last leg from the $650 low to $785 high.

The price began a new upward wave and cleared an essential boundary at $750. All the more vitally, yesterday’s featured declining channel was broken with obstruction close $735 on the hourly graph of the BCH/USD combine. The match even prevailing with regards to clearing the $770 opposition. It is at present solidifying over the $770 level with positive signs. On the upside, an underlying opposition is at $795, trailed by $800. Over this last, the price will in all likelihood exchange towards the $850 level in the close term. On the drawback, an underlying help is the 23.6% Fib retracement level of the last wave from the $716 low to $795 high.

 

Bitcoin Cash Price Analysis BCH USD

Taking a gander at the outline, the price is situated pleasantly over the $750 level. The half Fib retracement level of the last wave from the $716 low to $795 high is likewise at $756 to go about as a solid purchase zone. By and large, the price stays very much bolstered above $750 for more picks up.

 

Bitcoin Cash price Analysis 3 July

Bitcoin Cash price Analysis 3 July

 

Taking a gander at the specialized pointers:

Hourly MACD – The MACD for BCH/USD is situated in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is well over the 60 level.

Real Support Level – $750

Real Resistance Level – $800

#Bitcoin Cash Price Analysis

Bitcoin Cash falling to 0? Is BCH worthless?

Published

on

Today, Bitcoin Cash price fell below Ethereum and this is for the very first time that BCH has fallen below ETH since its inception.

Bitcoin Cash has been falling sharply since the hard fork happened last month which led to the generation of Bitcoin Satoshi Vision. Today, Bitcoin Cash price fell below Ethereum and this is for the very first time that BCH has fallen below ETH since its inception.


Bitcoin Cash is currently trading around $79 while ETH trades around $84 according to CoinGecko (at the time of writing).
Along with the price, the total market capitalization of Bitcoin Cash has also fallen bringing down BCH on the 7th position in cryptocurrencies according to CoinMarketCap.

 

Is it the end for BCH?

Bitcoin Cash team has been continuously trying to attack the real bitcoin from the day of its inception. The team has been trying to bring Bitcoin Cash to mainstream adoption but it doesn’t seem that they have been successful in that. Unlike Bitcoin which truly has a good amount of adoption rate by merchants throughout the world, Bitcoin Cash does not have much of an adoption. Besides that, the daily transactions of BCH are nearly 1/10th of Bitcoin.

Bitcoin Cash Price Analysis

Technical Indicators:

Support Level: $75

Resistance Level: $84

BCHUSD 2 day chart

BCHUSD 2 day chart

In the 2 day chart, Bitcoin Cash was trading at around $96 yesterday and crashed down to around $78 today where it is currently being traded. The main support level of BCH lies around $75 and the resistance level is around $83. BCH is currently trying to recover back from the recent crash but the selling pressure however is quite high which may push the price downwards and Bitcoin Cash could even fall below $70 in short term. However, market analysts are predicting that the price of BCH is likely to fall below $50 before the end of the year.

The following article is not a financial advice. Readers are advised to do their own research and analysis before making any investment decisions in the cryptocurrency market. 

Continue Reading

#Bitcoin

Roger Ver & Bitmain face lawsuit for allegedly hijacking Bitcoin Cash Network

Published

on

Roger Ver and Bitmain along with others have been alleged to take control of the Bitcoin Cash network for personal gains.

After the deadly hash-wars between Bitcoin Cash ABC and Bitcoin Cash SV teams, which eventually led to the entire cryptocurrency market downfall, Roger Ver and Bitmain along with others have been alleged to take control of the Bitcoin Cash network for personal gains.

United American Cord issues a statement saying:

“What is alleged to have been a well-planned scheme to take control of the Bitcoin Cash network for personal gain and which caused a global capitalization meltdown of the Bitcoin Cash network at the expense of others”

 

The lawsuit against Roger Ver, Bitcoin.com & Bitmain and others

The lawsuit is against Roger Ver, Bitcoin.com, Bitmain and Kraken and seeks damages and injunctive relief for the victims. The lawsuit alleges that:

“in unfair methods of competition and through a series of unconscionable, deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders”.

 

Bitcoin Cash ABC planted a “poison pill” during the hard fork

It is furthermore alleged that after the hard fork of Bitcoin Cash, on 20th November, 2018, the Bitcoin ABC team planted a “poison pill” into the blockchain code in order to remain in control of the network at all times. This also makes Bitcoin ABC a centralized blockchain.

The full statement by American Cork can be found here.

 

At the time of writing this article, Bitcoin ABC is trading at $102.00 while Bitcoin SV is trading at $106.47


Continue Reading

#Bitcoin Cash Price Analysis

Bitcoin Cash ABC Price Analysis: BCHABC going down to $100?

Published

on

Bitcoin Cash ABC price fell below the $150 support level due to the selling pressure and may now test the next support at $120.

Support Levels: $140, $130, $120

Resistance Level: $145

 

Key Points

  • As of yesterday’s predictions, Bitcoin Cash ABC price broke the key support at $150 and went below this range.
  • A new resistance at $145 is creating a bearish trend line on the 1-hour chart.
  • BCHABC will likely fall below $140 if the selling pressure keeps increasing.

Bitcoin Cash ABC price fell below the $150 support level due to the selling pressure and may now test the next support at $120.

 

Bitcoin Cash ABC Price Analysis

As of yesterday’s predictions, Bitcoin Cash ABC price broke $150 support level and is trading below $145 with a resistance set around $145 and $150. BCHABC is currently trading at a yearly low of $142 (at the time of publishing) according to CoinGecko Charts and may extend losses below $130 to test the next support level of $120.


 

The daily charts of BCHABC predict that BCHABC price is currently under massive selling pressure. The price will fall further breaking the small support levels at $140 and $130 to test the major support at $120.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.