Bitcoin Cash and Tezos Retrace After Strong Performances Last Week [Price Analysis]

2019-5-23 11:44

Bitcoin Cash Price Analysis Bitcoin Cash / USD Weekly Chart – Source: Tradingview.com

In line with the performance of other top cryptocurrencies, Bitcoin Cash (BCH) recorded a strong USD price performance last week.

The price managed to rise above a level which acted as support in both September and October at $409.

Although the price managed to close above this level last week, the price has declined back below this week in line with the decreases taking place in other top cryptocurrencies.

Bitcoin Cash / USD Daily Chart – Source: Tradingview.com

BCH’s price formed Doji candles on Monday and Tuesday this week reflecting uncertainty from traders.

A significant decline was recorded yesterday, which brought the price back below the $409 level.

A bearish divergence between the daily price candles and RSI preceded the decline.

The price action is following up with another decline today as momentum shifts to the sellers.

The daily RSI and MACD are declining, reflecting the momentum being on the side of sellers.

Bitcoin Cash / BTC Weekly Chart – Source: Tradingview.com

Inclusive of this week, Bitcoin Cash has formed three consecutive Doji candles on the weekly BCH/BTC chart.

This indicates high levels of uncertainty from traders regarding whether Bitcoin Cash can outperform Bitcoin.

Bitcoin Cash / BTC Daily Chart – Source: Tradingview.com

The price action has repeatedly found selling pressure at the 0.052 BTC level.

Price action managed to close above this level on Tuesday but quickly found selling pressure and declined back below on Wednesday.

Tezos Price Analysis Tezos / USD Daily Chart – Source: Tradingview.com

Tezos (XTZ) is similarly following up with a decline this week after a strong performance was recorded last week.

A bearish divergence between the daily price and RSI preceded the decline, which started on Monday.

$1.47 is a level to monitor as a potential area of support after previously acting as resistance.

Tezos / BTC Daily Chart – Source: Tradingview.com

Tezos has similarly been declining in value against Bitcoin this week.

The price dropped to the 20380 satoshis (sats) level on Monday.

The price action has since been forming Doji candles on the daily reflecting uncertainty from traders.

Tezos BTC 4-Hour Chart – Source: Tradingview.com

Late in trading yesterday, the price dropped below the 20380 sats level but managed to close back above before the daily candle closed.

This increases the odds that price will retest the level today, given that traders are more comfortable with Tezos trading at lower valuations.

Key takeaways: Bitcoin Cash has recorded three consecutive Doji candles against BTC reflecting high levels of uncertainty. Both Tezos and Bitcoin Cash recorded strong USD price performances last week but have followed up this week with declines. Tezos has been recently declining against BTC, but the 20380 sats level is coming into play as an area of support. Latest Bitcoin Cash, Tezos, & Bitcoin News:

Bitcoin Cash and Tezos Are Outperforming Bitcoin This Week, Will They Continue? [Price Analysis]

Tezos – Welcome to Athens, the Birthplace of Blockchain Democracy

Bank of China Council Member: Owning Bitcoin Is Still Legal in China

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 and Tezos Retrace After Strong Performances Last Week [Price Analysis] was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

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 $ 0.0003064 (39.98%)

price bitcoin week cash analysis performance managed

price bitcoin → Результатов: 126


Bitcoin Price Holds Above $96,000 — Analyst Explains This Level’s Significance

The Bitcoin price appears to have settled within the $92,000 – $102,000 consolidation range, sparking discussions about the coin’s future trajectory. While it remains unclear whether the premier cryptocurrency has enough momentum to forge new all-time highs soon, it would take significant bearish pressure to pull down the BTC price.

2025-2-9 16:00


Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price.

2025-1-13 14:00


Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […] The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.

2025-1-11 17:48