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Tag: Bitcoin Cash

Bitcoin Cash (BCH) – What is the Chart Showing Us?

At the time of writing, BCH is being traded at the rate of $453.40 with an increase of almost 2.5% within the last 24 hours.

The low within this tenure was around $442.20 and the high was approximately $460.98. The coin as being in the watchlist of many traders makes it rank all the way up to number 25th according to the latest data released by coin market cap.

BCH made its all-time high in the month of May 2021 where it reached an enormous amount of $1650. At the moment it has a daily volume of $5,376,565,254 with an increase of about 8% within the last 24 hours. The total supply of BCH is now around 21M and the circulating supply is also 18.9M. BCH has a dominance of 0.36%.

The top exchanges for trading it are currently Binance, Kucoin, Gate.io.

Technical Analysis – Bitcoin Cash (BCH)

It can be seen that BCH has had a reaction from the Quasimodo levels. The price had a break of structure towards the downside. We can see that the price of BCH had been bearish for a lot of time.

The price of the coin started doing a descending correction. At this point, people were hoping for a short and a lot of positions must have been opened. The price has broken out of the correction and we can look for a retest.

The price at this point can come down to retest the trend line after which we can look for a long position to the order block. When the price reaches the order block, we can look for a reaction from the price. If it fails to hold then BCH can drop down again as there is liquidity present as well. If the price manages to stay above the level, we can look for a possible long.

Price Prediction – Bitcoin Cash (BCH)

BCH has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of BCH has retraced back and is around the same price it had around the month of June. According to the wallet investor, BCH is a good investment. The price of the coin is to reach a value of $734.247 in a year. In five years, the price is expected to reach around $1816.510.

December 25, 2021
Bitcoin Cash (BCH) price prediction: Towards $1,700?

Bitcoin Cash (BCH) has been surging – establishing higher highs and higher lows. However, BCH coin has not been able to cross its all-time high of $4,355 established in 2018. The cryptocurrency has established its 52-week high at $1,474 in the current bull run. At the time of writing, Bitcoin Cash stands at a price level of $1,323. The price of BCH coin has gone up by 20% in the past twenty-four hours while the daily trading volume has surged upwards by 100%. Ranked eighth in the market, the capitalization of the coin is also increasing.

Bitcoin Cash (BCH) technical analysis

The market sentiment for BCH coin is bullish. Out of the 26 technical indicators, fifteen are giving out a signal of buy while eight are standing at a neutral position and three are giving out a sell signal. The oscillators are bearish while the moving averages are neutral.

A trader is expecting minor pullbacks from BCH coin in his Bitcoin Cash analysis. After an upward move, the trader expects Bitcoin Cash will fall to $860 for the market to cool down. However, the support zone is expected to stabilize the coin so it does not fall lower. After the minor retracements, Bitcoin Cash is expected to continue its upward move. The trader has set a price target of $1,700 for BCH coin. Per the trader, Bitcoin Cash has been accumulating for the last nine months and it is just the beginning for the coin.

Bitcoin Cash (BCH) price prediction

Wallet Investor is not bullish on the one of the most successful hard forks. The predictions place Bitcoin Cash on a downward trend in the yearly timeframe with the price dropping to $1,173. However, the five-year estimates predict Bitcoin Cash at $1,703. On the other hand, Digital Coin Price places BCH coin at $1,907 by the end of the year with an extremely bullish five-year prediction of nearly $6,000 after five years.

May 6, 2021
Bitcoin Cash (BCH): Crucial to hold support, trader

Bitcoin Cash (BCH) has not been able to break its all-time high of $4,355 established three years ago. BCH coin was, however, able to validate a 52-week high at $1,208. The cryptocurrency has grown by 200% in the yearly timeframe. At the time of press, Bitcoin Cash is trading hands at $881 apiece. The price of BCH crypto is down by 0.80% while the trading volume has declined by 30% in the previous twenty-four hours.

Bitcoin Cash (BCH) Technical Analysis

The market sentiment for the BCH crypto continues to be majorly bullish despite the downtrend. Out of the 26 technical indicators, twelve are giving out a signal of buy while ten stand at a neutral position and only four indications are bearish. The oscillators are bearish while the moving averages are strongly bullish.

Bitcoin Cash (BCH) Technical Analysis

Trader Vince Prince has identified Bitcoin Cash in an upward trajectory in his Bitcoin Cash price analysis. Per the trader, BCH coin is operating inside in an ascending channel formation. Prince has also regarded Bitcoin Cash as one of the most volatile cryptocurrencies in the market with strong impulsive moves and deep pullbacks. The volatility of the coin has also resulted in it completing various coherent wave counts. Furthermore, the trader has identified an ascending trendline which is acting as a strong support level for BCH crypto. Per the trader, it is essential for the cryptocurrency to hold the trendline in order to continue it upward trajectory. A confirmed breakout from the ascending channel formation would validate the bullish momentum of BCH coin.

Recent Developments you should know

United American Corp (UAC) had filed an antitrust lawsuit against major BCH figures alleging them to have hijacked the Bitcoin Cash network; however, the court dismissed the allegations as “incomplete and conclusory”

The BCH community is urging Tesla to incorporate BCH as a mode of payment. A Youtuber has “officially” committed to buy 111 Tesla Model 3s provided that Tesla accept Bitcoin Cash. The 111 Tesla cars would have a valuation of $4.2 million.

Venmo, the financial app owned by PayPal, has launched investing services for Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Venmo’s 70 million users can now trade and share the four cryptocurrencies.

April 30, 2021