Bitcoin Cash Price Notes Solid Gains but Is It a Pump?

Bitcoin Cash Price Notes Solid Gains but Is It a Pump?
фото показано с : nulltx.com

2018-9-27 01:56

The cryptocurrency markets have seen some very interesting momentum today. A lot of markets are on the rise over the past 24 hours, with Bitcoin Cash showing some much-needed life. It is evident the Bitcoin Cash price still remains relevant, although there is still plenty of opposition for BCH on social media.

Bitcoin Cash Price Pump Intensifies

It has been relatively quiet on the Bitcoin Cash price front over the past few weeks. The only notable event taking place has been the BCH network stress test. Despite yielding some very positive results in the end, there was no price action to speak of. Today is a very different day in this regard, as the Bitcoin Cash price is on the rise in rather spectacular fashion.

With a near 20% in USD value and a near 17% gain over Bitcoin, the Bitcoin Cash market sees a lot of trading activity. Even though the trading volume seems on the low side – just $713m despite this hefty increase – there is no real reason to expect nay steep correction just yet. That is when not looking at the various posts on social media which seem to convey how this price increase is a pump more than anything else.

Prior to looking at the technical analysis sentiment surrounding Bitcoin Cash, there is an interesting update from the Gemini exchange. Gemini is adding Litecoin on mid-October of this year. The exchange has also received regulatory approval to list Bitcoin Cash, although no specific plan of action has been unveiled in this regard. That seems to indicate this listing may be imminent, although it will probably not happen prior to Litecoin getting added

Stance from #Gemini #BCH #BitcoinCash #cryptotrading #cryptoexchange https://t.co/dhJYCMieZF

— BC Bitcoin (@bc_bitcoin) September 26, 2018

Jamie Lim has a rather interesting opinion on the current Bitcoin Cash price action. More specifically, he is convinced the Bitcoin Cash price is a pure pump which builds on the recent Bitmain IPO announcement. Even though there may very well be a correlation between both events, it is nearly impossible to determine whether or not this is a pump.

#BCH pumping when #BitmanIPO is announced, nice coincidence…#shitcoinhappenings…

— Jamie Lim (@jamielimjj) September 26, 2018

On the technical analysis front. DayLait is clearly not a fan of Bitcoin Cash. In fact, his short-term analysis shows BCH may have failed to break some key levels, which will result in a massive retrace over the coming hours. In most cases, a correction will occur after such steep gains, though nothing has been set in stone just yet. It will be interesting to see how the Bitcoin Cash price evolves in the next few days.

SHRED IT BOIS #bch #crypto #scalpoftheday.. BCH just went full XRP rekt pic.twitter.com/VDhUYIBiUd

— DayLait (@Daylait_) September 26, 2018

Based on the current cryptocurrency market conditions, it wouldn’t be impossible for the Bitcoin Cash price to surpass the $525 level. For the time being, it seems remaining above $500 will be the first order of business, prior to looking for even steeper gains. A correction is all but unavoidable at this stage, although the intensity of the profit-taking has yet to be determined.

The post Bitcoin Cash Price Notes Solid Gains but Is It a Pump? appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

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 $ 0.0067809 (-93.67%)

bitcoin cash price markets still solid notes

Источник: nulltx.com

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 Turns Bullish yet BCH Hate Won’t Subside

With most of the cryptocurrency markets still subjected to a fair bit of bearish pressure, it is rather uncommon to see one market pull ahead of the competition. For some unknown reason, the Bitcoin Cash price is still rising in spectacular fashion.

Bitcoin Cash Price Surpasses $155 as Bulls Remain in Control

When virtually all cryptocurrency markets are moving up simultaneously, it is a matter of time until some altcoins get ahead of the pack. Today, it seems as if Bitcoin Cash is effectively noting the strongest gains in the top 10, which comes as a big surprise to a lot of people.

Bitcoin Cash Price Drops by $30 After Hitting $220 This Morning

When all other cryptocurrencies face a bit of bearish pressure, Bitcoin Cash seemingly continues to do its own thing. That is a rather interesting development worth keeping an eye on. Over the past few days, this altcoin has surged tremendously, and it seems the $200 target is still valid.

Bitcoin Cash Price Gains 37% and Hits $165

When the overall cryptocurrency market momentum turns as uber bullish as it is right now, it appears all bets are off. The Bitcoin Cash price, for example, is pretty interesting to keep an eye on as of right now.