Bitcoin Cash jumps 14% to hit $450 as BTC eyes $70k

2024-7-30 11:54

Bitcoin Cash (BCH) gains mirror Bitcoin’s surge to near $70k. With Bitcoin Cash price rising above $450, are bulls strong enough to eye further gains?

Bitcoin Cash (BCH) rose more than 14% in 24 hours to trade above $450, its highest level since mid-June.

BCH gained as Bitcoin (BTC) moved to within reach of $70,000 following a 3% rise in 24 hours. The benchmark digital asset traded around $69,503 at the time of writing on July 29, slightly off its intraday highs above $69,800 reached during the Asian trading hours.

BCH price: Are Bitcoin Cash bulls back?

Bitcoin Cash, like Bitcoin, has in the past few weeks navigated a tough terrain in terms of sell-off pressure related to potential Mt. Gox selling.

However, Bitcoin remains above $60k with a good chunk of the staggering $9 billion worth of BTC that the defunct crypto exchange announced would be going to customers. This resilience has also shown with Bitcoin Cash, which continues to ride positive sentiment as Mt. Gox customers choose to hodl rather than sell.

Crypto is also upbeat after last week’s Bitcoin 2024 conference that saw former US president Donald Trump make major announcements related to Bitcoin and cryptocurrencies. With elections on the horizon, Trump pledged to make America the home of crypto and to establish a Bitcoin reserve for the US among other key remarks.

According to Kim Dotcom, there’s no fear that the US government will ban crypto.

Crypto is going to pump big time. The fear of US Govt bans against crypto is over. Legitimacy has been established. The whales lobbied all political camps and they succeeded. As the US dollar is weakening crypto will rise. My favorite is Bitcoin Cash. https://t.co/DIOiBCxaVJ

— Kim Dotcom (@KimDotcom) July 27, 2024

BCH price prediction

The Bitcoin Cash price surging above $400 has the cryptocurrency testing a key resistance zone.

A move above this means bulls have broken above a robust horizontal resistance line. Price is currently retesting a previous support area, above which the altcoin could eye a new year-to-date high.

In this case, the psychological level at $1,000 will be a major short term target, while a run to the 2021 bull market highs remains possible if Bitcoin leads crypto into another mega run.

BCH price chart. Source: TradingView

The daily chart shows the Relative Strength Index (RSI) supports buyers as does the Moving Average Convergence Divergence (MACD) indicator.

Potentially, BCH will see a retest of the horizontal line before surging again. However, a breakdown will likely push prices to the primary support area around $350.

The post Bitcoin Cash jumps 14% to hit $450 as BTC eyes $70k appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96507.7 (+0.31%)
Объем 24H $46.94b
Изменеия 24h: -2.10 %, 7d: -5.24 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1910.806b Rank 1
Цена в час новости $ 66455.3 (45.22%)

bitcoin cash 450 gains 70k above bch

Источник: coinjournal.net

bitcoin cash → Результатов: 126


Bitcoin Cash $BCH Takes The Spotlight While Bitcoin Battles Selling Pressure 

Bitcoin Cash ($BCH) positions itself as a user-friendly solution for daily transactions, boasting minimal fees and swift confirmations, ideal for routine purchases and micro-transactions. Despite its designed convenience, concerns are surfacing as traders exhibit Fear, Uncertainty, and Doubt (FUD) towards assets like Bitcoin Cash and Loopring, reflected in a surge […]

2024-1-25 23:15


Каковы перспективы Bitcoin Cash после роста на 140%?

На этой неделе цена Bitcoin Cash (BCH) взлетела более чем на 100%, достигнув 13-месячного пика в $235. Ключевые ончейн-метрики указывают на возможность продолжения ралли. Во вторник, 20 июня, состоялся официальный запуск EDX Markets.

2023-6-30 12:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Cash price outlook: Symmetrical triangle forms

Bitcoin Cash has formed a symmetrical triangle pattern. The two lines are nearing their confluence levels. The Federal Reserve is the biggest risk in the market. Bitcoin Cash price has held quite well in the past few weeks even as a sense of fear spreads in the market.

Bitcoin Cash, Stacks, Neo, Solana, Stellar prices retreat as the DXY jumps

Bitcoin and other altcoins continued falling on Wednesday. The US dollar index continued rallying as crude oil price jumped. There are signs that the Fed will continue hiking rates. Bitcoin Cash, Stacks, Neo, Solana, and Stellar lumens price drifted downwards as a sense of fear engulfed the financial market.

Bitcoin Cash Traders Move Into Profit, But Can The Rally Continue?

As the price of Bitcoin and the general crypto market has rallied, leading to a much-needed increase in price, Bitcoin Cash (BCH) investors are once again on a profitable path. The majority of investors are now in the green following its double-digit surge in the last week.

Crypto price prediction: Shiba Memu, Bitcoin Cash, Algorand

Shiba Memu token has raised over $1. 64 million from investors. It is one of the most popular upcoming crypto tokens in the world. It combines key industries like AI and meme coins. Cryptocurrency prices moved sideways even as American equities jumped.