Bitcoin Cash Price Analysis: Bearish Market Movements Lead to Continued Decline in BCH

2018-11-14 19:04

When Binance announced its support for the upcoming Bitcoin Cash hard fork, a price spike was catalyzed in the fourth largest cryptocurrency by market cap. The price spike continued with further exchanges announcing their support for the hard fork but, the price has since started to retrace.

Today’s bearish market movements have resulted in Bitcoin Cash depreciating approximately 10% over the past 24 hours, making it among the largest losers in the top 100 cryptocurrencies. The decline seemed to be meeting support yesterday at the daily 50 EMA but today’s bearish movements resulted in price breaking sharply below.

The declines have been on significant volume showing real strength behind the move. Momentum is strongly on the side of sellers with both the daily RSI and MACD decreasing. The price spike which occurred when Binance announced its support for the hard fork took the price from $420 to around $630.

Price currently trades at $475, after retracing the majority of its gains. The hard fork is scheduled to take place tomorrow, and those who hold Bitcoin Cash on exchanges which are supporting the hard fork will receive the forked version of the cryptocurrency in a 1:1 ratio with their Bitcoin Cash holdings.

Bitcoin Cash Daily Chart – Source: Tradingview.com Key Takeaways: Bitcoin Cash continues to decline and breaks sharply below 50 EMA support. Hard fork of the cryptocurrency is scheduled to take place tomorrow and holders of Bitcoin Cash on supported exchanges will receive the forked version of the cryptocurrency in a 1:1 ratio. Price is after retracing the majority of its gains that occurred in the build-up to the fork. Momentum is currently strongly on the side of the sellers so further declines are likely. 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 Price Analysis: Bearish Market Movements Lead to Continued Decline in BCH was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

origin »

Cashcoin (CASH) на Currencies.ru

$ 0.0004289 (+0.63%)
Объем 24H $2
Изменеия 24h: -19.83 %, 7d: -30.46 %
Cегодня L: $0.0004262 - H: $0.0005443
Капитализация $22.93k Rank 999999
Цена в час новости $ 0.0029892 (-85.65%)

price bitcoin market cash continued bearish movements

Источник: blokt.com

price bitcoin → Результатов: 126


Bitcoin ‘True Bull Run’ May Yet To Begin — Analyst Explains Why

The Bitcoin price action has been somewhat impressive in 2025, as the flagship cryptocurrency ascended from around $93,300 in early January to its current all-time-high price of $126,000 this month. While the digital asset saw a couple of resets along the way, it continued to put in new highs, reflecting the magnitude of confidence held by its long-term investors.

2025-10-26 19:30


Фото:

Bitcoin Briefly Dips Below $100,000 – Experts Share Shocking Price Predictions

Bitcoin (BTC) price hit $99,000 over the weekend, catching most traders unawares. The drop saw the price fall as global tensions rose following U. S. airstrikes against Iranian nuclear sites. With the crypto market panicking with fear, most of the investors questioned whether this was the ‘beginning of the end’ for a bigger correction.

2025-6-23 17:00


Bitcoin Set for “Mega Expansion” as Chart Signals Parabolic Price Spike

According to CryptoCon, Bitcoin is setting up for what he calls a “mega expansion” phase, one that could lead to faster and more dramatic price increases heading into the end of 2025. After carefully mapping out BTC price action throughout Cycle 4, CryptoCon suggests that most of this cycle has been about slow, sideways movement, […] The post Bitcoin Set for “Mega Expansion” as Chart Signals Parabolic Price Spike appeared first on CaptainAltcoin.

2025-5-14 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Bulls Eye $94K Breakout Ahead of Crucial FOMC Rate Cut Decision

Bitcoin Magazine Bitcoin Bulls Eye $94K Breakout Ahead of Crucial FOMC Rate Cut Decision Bitcoin closed the week at $90,429 after testing $84,000 support and $94,000 resistance, with bulls now banking on Wednesday's FOMC meeting for a rate cut to fuel upward momentum toward $101,000.