Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains?

Key Points Bitcoin cash price recovered and managed to move above the $1,250 resistance against the US Dollar. There is a key bullish trend line forming with support at $1,255 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise, but it could correct lower to test the $1,240-50 support area. Bitcoin cash price is showing a few positive signs above $1,250 against the US Dollar. BCH/USD is currently correcting lower and it remains supported above $1,240. Bitcoin Cash Price Support After…

Bitcoin Cash Price Weekly Analysis: BCH/USD Recoveries Remain Limited

Key Points Bitcoin cash price got bid near the $1.130 level and started a recovery against the US Dollar. There is a crucial bearish trend line forming with resistance near $1,320 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise in the short term, but it is likely to face sellers near $1,320-40. Bitcoin cash price is showing positive signs above $1,150 against the US Dollar. However, upsides in BCH/USD are likely to be limited by the $1,320 resistance zone. Bitcoin…

Bitcoin Cash (BCH) Price Analysis (May 19, 2018)

Despite the fork, Bitcoin Cash continue to slide. In the last 24 hours for example, it is down nine percent adding on to their weekly 13 percent loss. It might have been because of the mixed reaction following the upgrade from 8MB to 32MB happening at a time when the average daily transaction is around 20K at 80kb per block. When Bitcoin Cash shall utilize full capacity and fill 32MB per block we don’t know. Considering competition especially from Bitcoin and Ethereum-the latter plans on sharding, it might take a…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 18

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Despite the expectations, Bitcoin prices failed to go higher after the NYC crypto conference Consensys. In fact, prices started to decline during the very conference. CRYPTO: #Consensus2018 rally did not happen, very disappointing. What we needed was a trifecta of progress: (i) institutional…

Bitcoin Cash Price Analysis: BCH/USD Extends Its Decline

Key Points Bitcoin cash price failed to move above the $1,350 resistance and declined sharply against the US Dollar. There is a major bearish trend line formed with resistance at $1,250 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher, but it may face many barriers on the upside near $1,240-50. Bitcoin cash price is under pressure below $1,300 against the US Dollar. BCH/USD is likely to extend declines further if it fails to move above $1,250. Bitcoin Cash Price Decline…

Bitcoin Cash Price Analysis: BCH/USD Facing Uphill Task

Key Points Bitcoin cash price found support near the $1,220 level and recovered slightly against the US Dollar. There is a short-term bearish trend line forming with resistance at $1,340 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is facing many hurdles on the upside near $1,340 and $1,350 resistance levels. Bitcoin cash price is slowly recovering from $1,220 against the US Dollar. BCH/USD may correct in the short term, but gains above $1,350 won’t be easy. Bitcoin Cash Price Resistance Yesterday, there was…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 16

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk; you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. St. Louis Fed president James Bullard said that Bitcoin could emerge as a possible competitor to the US dollar in the future. He also did not rule out the prospects of the FED launching its own cryptocurrency, though he said that there was…

‘Bitcoin Jesus’ Roger Ver Talks Bitcoin Cash Hard Fork | CNBC

Brian Kelly reports from Consensus on three things to watch. And Roger Ver (Bitcoin Jesus) on the bitcoin civil war. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on…

Bitcoin Cash, EOS Drop 13% as Crypto Market Sheds $30 Billion Overnight

Join our community of 10 000 traders on Hacked.com for just $39 per month. The cryptocurrency market has dropped by more than $30 billion overnight, from $408 billion to $377 billion. Major cryptocurrencies such as bitcoin, Bitcoin Cash, EOS, and Cardano dropped in the 5 to 13 percent region, with Bitcoin Cash and EOS dropping 11 percent and 13.5 percent respectively. Bitcoin Cash and EOS Traders have often described Bitcoin Cash investment as leveraged bitcoin trading because on both the upside and downside, Bitcoin Cash moves by larger margins. Throughout…

Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300

Key Points Bitcoin cash price was not able to move above $1,480-1,500 and declined sharply against the US Dollar. There was a break below a key connecting bullish trend line with support at $1,410 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair even broke the last swing low and it could continue to decline towards the $1,200 level. Bitcoin cash price tumbled below key supports against the US Dollar. BCH/USD is now trading well below $1,300 with a bearish angle in the short term.…