Those who held Bitcoin Cash (BCH) during its meltdown in the latter half of 2019, there may still be time to generate enormous gains.
Famous crypto analyst DonAlt on Friday discussed the bullish prospects of the fifth-largest blockchain project by market capitalization. The trader said he expects the BCH-to-dollar exchange rate to hit $380 in 2020, revealing that he would open a long position towards the said upside target.
$BCH
This is starting to look very promising.I'm bullish, long and expecting quite a bit higher. pic.twitter.com/qpplId7O0s
— DonAlt (@CryptoDonAlt) January 3, 2020
The statements followed BCH’s impressive gains in the spot market during the Friday session. The cryptocurrency soared by up to 11.11 percent, or $21.66, as the US killed a top Iranian military official, Qassem Soleimani, in an airstrike. The event sent investors looking for haven assets, which pushed the prices of gold and oil higher.
The upside sentiment further crept into the crypto market. Eight hours after the US attack, top cryptocurrency bitcoin registered 6 percent gains. So it appears, other altcoins merely tailed bitcoin, with its forked cousin Bitcoin Cash bringing maximum profits home.
Bullish Technical Pattern
DonAlt stressed that Bitcoin Cash could attract a considerable capital from the neighboring Bitcoin market. He noted that the BCH-to-BTC exchange rate is forming an inverse head and shoulder pattern on the daily charts. Traditionally, it is a sign of a bearish reversal.
Bitcoin Cash testing the neckline of its inverted H&S pattern | Source: DonAlt
The trade should play out like this: A break above the red neckline signals a sharp move higher if further confirmed by a spike in volume. The ideal bullish target for a jump is equal to the distance between the inverse H&S bottom and neckline. So it appears, that distance is close to 3,947 satoshis, or 0.003947 BTC.
Considering the red neckline is coinciding with 0.029 BTC, the ideal upside target for long positions is circa (0.029+0.003947) BTC (or 0.032 BTC).
“The BCH/BTC chart is an absolute beauty,” said DonAlt.
Bitcoin Stronger
Part of Bitcoin Cash’s gains could come on the backs of a more extensive altcoin rally.
Market analyst Beastlyorion in November predicted that bitcoin’s dominance, which measures the share of the cryptocurrency’s market capitalization relative to that of the broader market, could break below 66 percent. He added that such a move would have traders exchange their bitcoin holdings for altcoins.
Meanwhile, other analysts think that bitcoin, in the long-term, will eat the market cap of altcoins. The sentiment follows speculation about bitcoin’s adoption among institutional investors. The involvement of Wall Street firms like Fidelity and Bakkt in the cryptocurrency has already upped the scenario.
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As Koala Coin (KLC) hits presale stage one at $0. 014, investors are hopping on this roller coaster ride, leaving Bitcoin Cash (BCH) and Ripple (XRP) contemplating their next move. The buzz grows, fueling a FOMO frenzy.
As the cryptocurrency market continues to evolve and expand, investors are increasingly seeking opportunities to diversify their portfolios beyond traditional assets like Bitcoin Cash (BCH) and stablecoins such as Tether (USDT).
The Bitcoin Cash (BCH) price has possibly completed its correction and will increase to a new yearly high.
The post Has Bitcoin Cash (BCH) Bottomed After Bouncing at $250? appeared first on BeInCrypto.
Bitcoin Cash (BCH) is captivating the attention of the crypto community with its ongoing price surge. The recent inclusion of BCH on EDX, a Citadel Securities-backed crypto exchange, has sparked fresh interest in this digital asset.
Bitcoin Cash rally may not be over yet as whale investors increase their trading activity this week.
What next for BCH price?
The post What Next for Bitcoin Cash (BCH) After 140% Profit in June? appeared first on BeInCrypto.
В пятницу, 16 апреля, курс наиболее популярного форка биткоина Bitcoin Cash (BCH) превысил $1000 впервые с лета 2018 года.
Часовой график BCH/USD биржи Coinbase. Данные: TradindView.
В связи с приближением хардфорка Bitcoin Cash (BCH) приток BCH на крупные биржи достиг наивысшего уровня за последние восемь месяцев, и похоже, что гораздо больше участников рынка хотят продать монету, а не купить.
Today, the crypto market crashed, with a strong decline in bitcoin cash below $250. 00 and $200. 00. BCH to USD is down more than 35% and it is now trading well below the $200. 00 support. Key Takeaways: BCH/USD Bitcoin cash price is down more than $100.
Bitcoin Cash developers actively participate in video meetings in order to discuss the ongoing development of the BCH ecosystem. BCH software engineers met for the first time in 2020 last Thursday to examine the May upgrade and specification work.
Bitcoin Cash (BCH-USD) The fourth-ranked cryptocurrency seems to have been trending on a ranging market in the last 24hrs. The trend is confirmed by the moving averages, which are intertwining. BCH/USD pair seems to have begun the day trading at $390.
Bitcoin Cash (BCH), one of the largest cryptocurrencies in the world, will be delisted from SBI Holdings Virtual Currency exchange following the 51% hack reported to have occurred on the chain. Earlier in the month, the BCH community planned a non-contentious hard fork on the chain hence a spit on the blockchain was avoided. However, […]
В конце прошлой недели поступила информация, что два крупных майнинг-пула совершили так называемую атаку 51% на сеть криптовалюты Bitcoin Cash (BCH). Об атаке сообщил пользователь Твиттера Guy Swann.
When the Bitcoin Cash (BCH) network split last November, prominent platform developer Unwriter decided to focus on building applications for the BSV chain. Since then, a group of BCH developers has forked Unwriter’s 21 Century Motor Company.
The original Bitcoin Cash (BCH ABC) is having a gala day at the crypto market as it rises 40% and beyond. The BCH/USD price on Thursday has extended its prevailing bullish bias to register new highs at 182 on Coinbase.
Due to the structure of the cryptocurrency market and the losses that followed the long reign of the bears, most cryptocurrencies are scoring increase of 5-10%, but for BCH, one of the cryptocurrencies that was highly victimized by the hash war, daily gains are skyrocketing in an astonishing manner.
Свежий рейтинг на CoinMarketCap показывает изменения в тройке лидеров, третью позицию занял Ethereum, обойдя в цене форк Bitcoin Cash BCH. И это при том, что предложение последнего значительно ниже - 17,5 миллионов против 104.
The Bitcoin Cash price continues to record new yearly lows, currently trading within its fifth consecutive session in the red. The BCH/USD rate has dropped below $120 in the latest sell-off, noting more than 97% depreciation since its all-time high.
For the first time in months, the price of Bitcoin Cash (BCH) has seen significant upwards price movement from…
The post Upcoming Bitcoin Cash (BCH) Hard Fork Will Be Supported by Coinbase and Binance appeared first on Invest In Blockchain.
Week over week, Bitcoin Cash is down 11 percent and compounding this is the four percent loss from yesterday. Now even though this might be negative, BCH prices might find support. When they do, we shall wait for recovery above $850 in line with our overall Bitcoin Cash (BCH) trade plan.
Tweet of the Day I muted the words Bitcoin, Gold, Netflix, Trump and Putin. I haven’t seen a tweet in the past 24 hours. – @jfahmy Top Cryptos By Market Cap BITCOIN (BTC) | 10. 46% | $7,421.
Two more types of BCH tokenization projects have been announced on July 18, giving the BCH community a wider variety of different ideas that can bring forth the concept of representative tokens into reality on the Bitcoin Cash network.
Key Points Bitcoin cash price started a downside correction and declined below $840 against the US Dollar. This week’s highlighted major bullish trend line was breached with support near $830 on the hourly chart of the BCH/USD pair (data feed from Kraken).
There is a wave sweeping through the market, a rejuvenation tide and Bitcoin Cash (BCH) is rising with it. On a weekly basis, it’s up 22 percent and trading above $850, our buy trigger with Bitcoin Cash bulls aiming for $1300 in the short term if not $1800.
BCH/USD Medium-term Trend: Bullish Supply zones: $1000, $1100, $1200 Demand zones: $600, $500, $400 Bitcoin Cash continues in a bullish trend in the medium term outlook. The strong bullish pressure broke the critical support zone at $816.
Bitmain, known for its Application Specific Integrated Circuit [ASIC] miners, has recently proposed developing and implementing a protocol for smart contracts on the Bitcoin Cash [BCH] blockchain. The proposals reportedly emerged from Chinese WeChat groups comprising of developers from the company.
Bitcoin Cash Price Key Highlights Bitcoin Cash also formed a double bottom reversal pattern and appears to be inching past the neckline. In that case, this could confirm that bulls are back in the game and ready to take price much higher from here.
Key Points Bitcoin cash price surged higher and broke a major resistance near $850 against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support near $810 on the hourly chart of the BCH/USD pair (data feed from Kraken).
On 16th July, the Twitter handle of Bitcoin Cash added a snippet of Google adding the information of conversions of BCH. Bitcoin Cash, tweeted: “Google now providing real time price conversion information for #BitcoinCash” Along with this, the BCH Twitter account added this image.
SBI Virtual Currencies Now Accepts New Users: Bitcoin (BTC), Bitcoin Cash (BCH) & Ripple (XRP) Offered Last month in June of 2018, Japan saw a new premier of a massive banking consortium, SBI Group that revealed the launch of a virtual currency platform.
Google Adds Bitcoin Cash Conversion Rates To Search Engine Recently, the Google search engine added the real-time price conversion information for Bitcoin Cash. In a tweet to their followers, the official Twitter for BCH posted this news along with a screenshot confirming the addition of the coin to the popular search engine. Google now providing […]
BCH/USD Medium-term Trend: Ranging Supply zones: $900, $950, $1000 Demand zones: $600, $550, $500 Bitcoin Cash is in consolidation in the medium term outlook. $811. 13 in the supply are was the new high the coin made due to the bullish pressure that took price from $717.
No Activity And Empty Blocks: Bitcoin Cash in Development in a Ghost Town, Revealed by Github Data Data harvested from Github repositories for both Bitcoin Cash and Bitcoin, has caused the latest in a series of harsh contrasts between the surface and deep network performance on social media in recent weeks. Bitcoin’s statistics were uploaded on […]
According to a report on the social media platform Yours. org, software developers associated with the mining giant Bitmain plan on launching a smart contract protocol for the Bitcoin Cash (BCH) network.
Trading app Robinhood seems bent on expanding its cryptocurrency trading platform. Known for its commission-free trading feature, the company just added three new cryptocurrencies, expanding its roster of digital currencies and giving clients more options.
Статистические данные об активности разработки Биткоина (BTC) и Bitcoin Cash (BCH) привели к ярым дебатам в различных соцсетях, пишет Bitcoinist. 15 июля одним из пользователей был опубликован твит, в котором приведена статистика разработки двух сетей: активные действия разработчиков биткоина и низкая, почти нулевая, у Bitcoin Cash.
U. S. -based trading company Robinhood has added support for Dogecoin (DOGE) on its Robinhood Crypto platform, according to a blog post published July 16. DOGE was introduced in December 2013, and currently has a market capitalization of $331 million according to Coinmarketcap.
Key Points Bitcoin cash price gained traction and moved above the $760 and $780 resistances against the US Dollar. There is a short-term bullish trend line forming with support near $788 on the hourly chart of the BCH/USD pair (data feed from Kraken).
Bitcoin Cash continues to receive criticism of its network setup as bitPico’s “stress test” unearths what the group describes as possible “fake decentralization. ” Empty Blocks, No Activity Data harvested from GitHub repositories for both Bitcoin (BTC) and Bitcoin Cash (BCH) has caused the latest in a series of stark contrasts of network performance to surface on social media in recent weeks.
txstreet. com is a Bitcoin Cash (BCH) and Bitcoin (BTC) live transaction visualizer inspired by txhighway. com. If the mempool size is lower than the block size limit, then they board a bus and wait for the next block to be found.
Популярная среди многих русскоязычных пользователей криптовалютная биржа WEX объявила, что возможность вывода биткоина, Litecoin, Ethereum, Bitcoin Cash и Dash переносится на 22 июля. Администрация биржи объясняет это «продолжающимися техническими работами на серверах».
BCH/USD Medium-term Trend: Bullish Supply zones: $1000, $1050, $1100 Demand zones: $600, $550, $500 Bitcoin Cash continues in a bullish trend in the medium term outlook. The bullish strong pressure was sustained as price was above the 10-day EMA making a high of $731.
On 15th July, the CEO of bitcoin. com and the advocate of the 4th largest cryptocurrency Bitcoin Cash, Roger Ver broadcasted a YouTube discussion with his fellow bitcoin-enthusiasts Jake Smith and Mike Malley on WeChat, focusing on the app’s traffic and its new BCH wallet.
A recent “stress test” conducted on the Bitcoin Cash has caused controversy due to the apparently highly centralized nature of the BCH network.
The post Bitcoin Cash Stress Test Results Spark Centralization Concerns appeared first on CryptoSlate.
Key Points Bitcoin cash price recovered nicely and moved above the $710 resistance against the US Dollar. There is a key bullish trend line formed with support near $712 on the hourly chart of the BCH/USD pair (data feed from Kraken).
The anniversary of the blockchain split that took place on August 1, 2017 is just two weeks away. Over the past few months Bitcoin Cash (BCH) infrastructure support and development has been exponential, while BCH proponents have also seen a bunch more announcements during the second week of July.
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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.
