Bitcoin Cash is a coin to watch as price overcomes a potential slump at $110

Bitcoin Cash is a coin to watch as price overcomes a potential slump at $110
фото показано с : coinjournal.net

2022-8-25 23:00

Bitcoin Cash has been recovering from the $110 support.

The hard fork of Bitcoin has risen by 4% in 24 hours.

Investors could turn to BCH as a Bitcoin alternative.

As most cryptocurrencies remain in the red, Bitcoin Cash BCH/USD has jumped by 4.20% in 24 hours. Its parent, Bitcoin, has lost 0.11% in the same period. BCH could book more gains in the next few days as the token remains bullish.

Bitcoin Cash is not discussed on the same wavelength as its parent, Bitcoin. The latter retains the top spot of being the most popular cryptocurrency. Its hard fork, Bitcoin Cash, only ranks at position 29 by market cap.

A review of Bitcoin Cash shows that it exhibits similar price movements as Bitcoin. However, as Bitcoin recovered lately, BCH remained subdued. That can be explained partly by the fact that investors flock to Bitcoin whenever macro concerns ease. A slowdown in inflation in July gave hopes of a calming macro environment that boosted Bitcoin.

However, macro concerns are far from over as the Fed hinted at further rate hikes. Investors could look at BCH as a cheaper alternative to Bitcoin, which is getting hit by macro issues. A price recovery above $110 is a potential trigger for further gains.

BCH towering above $110 but remains below a descending triangle

Source – TradingView

A technical outlook shows BCH rising above the $110 support zone. The cryptocurrency has met resistance at the descending trendline. The momentum indicator is bearish, but a potential MACD bullish crossover is developing.

Concluding thoughts

Since BCH has kept the $110 support intact, a bullish case exists for the token. The price is showing signs of going higher. Investors should watch for a potential breakout of the descending triangle for a chance to accumulate.

The post Bitcoin Cash is a coin to watch as price overcomes a potential slump at $110 appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96607.17 (-0.38%)
Объем 24H $40.277b
Изменеия 24h: -1.06 %, 7d: -6.15 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1912.786b Rank 1
Цена в час новости $ 21499.87 (349.34%)

bitcoin 110 cash potential overcomes slump coin

Источник: coinjournal.net

bitcoin 110 → Результатов: 126


MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO

MicroStrategy has been bullish from the start evidenced by its bitcoin purchases. The firm owns over 110 bitcoins and has deepened its crypto bet at various times during the past year. The tech firm has continuously raised money at various points to purchase more BTC to add to its balance sheet and there is no sign of stopping anytime soon according to CEO Michael Saylor.

2021-10-30 20:00


Криптофонд Electric Capital привлек $110 млн от университетов для инвестиций в DeFi

Компания использует специальное ПО, чтобы выяснить, какие проекты вызывают интерес у разработчиков. Новый фонд Electric Capital уже вложил часть средств в Bitcoin, Ethereum и несколько блокчейн-проектов.

2020-8-4 13:25


Прогноз цены BTC на август 2020 года

По состоянию на 20 июля 2020 года, текущая стоимость BTC во вторник составляет $ 9170,700. Анализ Bitcoin за месяц Биткойн является криптовалютой номер один по рыночной капитализации в 167 951 637 379 долларов и торговой цене в $ 9 110,46.

2020-7-22 17:59


Фото:

Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction

The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute report reveals that 20 million renters or around 20% of 110 million American citizens who […] The post Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction appeared first on Bitcoin News.

2020-7-8 04:20


Роберт Кийосаки высказался в пользу Bitcoin. Известный предприниматель раскритиковал политику США

Роберт Кийосаки, известный предприниматель, критически отозвался о финансовой политике США. Так, Кийосаки отметил: «Сегодня долг США к ВВП составляет 110% и все больше увеличивается. США финансово несостоятельны».

2020-4-6 11:36


Власти Бельгии выставят на аукцион биткоин и его форки стоимостью более 110 тысяч евро

Североирландский аукционный дом Wilsons Auctions поможет правительству Бельгии реализовать изъятую правоохранителями криптовалюту на сумму более €110 тысяч ($125 тысяч). На торги выставлены биткоин (BTC), Bitcoin Cash (BCH) и Bitcoin Gold (BTG), которые будут проданы небольшими партиями в 0.

2020-3-10 10:13


Фото:

Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit

On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model […] The post Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit appeared first on Bitcoin News.

2020-2-28 00:25


Domino’s Pizza France Plans to Give Away Up to $110K in Bitcoin Prizes For Its 30th Anniversary

Domino’s Pizza French unit recently introduced an ordering competition that would see the pizza joint spend as much as €110,000 in cash or Bitcoin prizes. Dates for the Game According to a tweet sent out by the company on September 6th, Domino’s Pizza French unit had initiated an ordering competition that would see the company […]

2019-9-12 18:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Drops Below $100,000: The End Or Beginning Of The Crypto Bull Market?

Bitcoin, the titan of the cryptocurrency world with a market cap hovering around $1. 9 trillion, has experienced a significant downturn, dipping below the psychological threshold of $100,000. This flash dump, occurring over just three days, has left many investors and analysts questioning whether this marks the end of the current bull market or signals a healthy correction within an ongoing bullish trend.

ASIC Targets Binance Australia Over Landmark Case In Crypto Regulation

The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations.

UAE’s Bitcoin Holdings Soar To $40 Billion As Bull Season Continues

The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets.

UAE’s Bitcoin Holdings Soar to $40 Billion As Bull Season Continues

The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets.

ASIC Targets Binance Australia Over Groundbreaking Case in Crypto Regulation

The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations.