Bitcoin Cash [BCH] Struggles to Rise Amid Bullish Market Movements

2018-11-29 17:54

The cryptocurrency market has been recording bullish market movements over the past three days. The market leader Bitcoin which represents 54% of the total cryptocurrency market cap has appreciated back above $4000, and many major cryptocurrencies have also been recording large price rises.

Most cryptocurrencies are recording gains again today, but Bitcoin cash is struggling to record price rises. Bitcoin Cash met strong resistance at $200 yesterday and has since retraced to trade around $180. The 2018 low for Bitcoin Cash recently formed around $150 on over the weekend. A return to bearish market conditions would likely see Bitcoin Cash return to this point.

There could be a number of factors driving this underperformance in Bitcoin Cash. A controversial hard fork took place in Bitcoin Cash two weeks ago resulting in Bitcoin Cash SV forming. A hash battle took place between Bitcoin Cash and Bitcoin Cash SV, and it is likely that some key resource remains with Bitcoin Cash SV. This would lead to a weaker Bitcoin Cash network and maybe getting reflected in the underperformance being seen.

It looks likely that Stellar will surpass Bitcoin Cash to take the rank of the fourth largest cryptocurrency by market cap. The market cap of the two cryptocurrencies are very close, and Stellar Lumens briefly surpassed Bitcoin Cash already last week.

Bitcoin Cash Daily Chart – Source: Tradingview.com Key Takeaways: Bitcoin Cash has been underperforming with most of the cryptocurrency market recording bullish movements this week. Bitcoin Cash met resistance at $200 yesterday and has since retraced. A return to bearish market conditions would likely see a price drop to the 2018 low around $150. The hard fork which took place two weeks ago could be playing a big role in the underperformance we are now seeing in Bitcoin Cash. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Bitcoin Cash [BCH] Struggles to Rise Amid Bullish Market Movements was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market bitcoin bullish movements cryptocurrency recording cash

Источник: blokt.com

market bitcoin → Результатов: 126


Фото:

Margin Of Safety Indicates Bitcoin Undervaluation Below $90K Amid Prevailing Market Pessimism

Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]

2025-1-15 11:30


BlockDAG Leads with $150M Presale as Crypto Market Tops $3.1T, Bitcoin ETFs and Ethereum Price Grow

The cryptocurrency market has soared, reaching a new pinnacle with a total market capitalization of $3. 13 trillion, establishing the sector as a formidable economic force. This surge reflects in the growing appeal of Bitcoin ETFs, which have seen unprecedented inflows, while Ethereum (ETH) sets its sights on managing $10 billion in assets.

2024-11-25 04:00


Bitcoin’s Big Week: Election, FOMC Meeting, And Strong Signs Of A Bull Market

As the market faces one of its most volatile weeks—amid the U.S. election and the Federal Open Market Committee (FOMC) meeting—Bitcoin appears primed for a lasting rally. Historically, major bull runs have followed post-election periods, and analysts are optimistic about Bitcoin’s potential, forecasting it could hit $100,000 by year’s end, […]

2024-11-5 08:22


Bitcoin’s (BTC) Bullish Patterns Emerge: Is a Market Super Cycle on the Horizon? Pay Attention to These Metrics

Bitcoin’s trading pattern lately reveals a consistent sideways movement, with fluctuations between $60,000 and $72,000. This trend, as highlighted by top cryptocurrency analyst Doctor Profit via a tweet on X, mirrors historical market behaviors that have typically preceded significant price increases.

2024-4-29 09:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Whale Offloads 10,070 Ethereum – Is ETH Losing Its Appeal?

2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns.

Weekly price analysis: prices decline on risk-off sentiments

The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto exchange-traded funds (ETFs) logged outflows from Wednesday, January 8 Bitcoin […] The post Weekly price analysis: prices decline on risk-off sentiments appeared first on CoinJournal.

Weekly Price Analysis: Prices Decline on Risk-Off Sentiments

Cryptos trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data. The Fed expressed caution around inflation, especially as Trump’s policies will kick in after his inauguration on Jan.

Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery

In the past week, Ethereum (ETH) has dropped 9. 3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish.

Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […] The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.