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Bitcoin cash started a strong increase above the $210 and $220 levels against the US Dollar. The price is now trading above the $220 zone and the 55 simple moving average (4 hours).
Bitcoin Cash's [BCH] spot CVD has been in an uptrend over the past three days. This showed that the breakout was borne on the back of genuine demand.
Bitcoin (CRYPTO: BTC) traded mostly flat, with the cryptocurrency prices traded above the $26,500 level on Thursday. Ethereum (CRYPTO: ETH), meanwhile, moved higher, trading above the key $1,600 mark this morning.
Bitcoin's first hard-forked version Bitcoin Cash (BCH) has recently seen its price jump by a staggering 8% in the last 24 hours. As of press time, Bitcoin Cash is trading at a price of $233 with a market cap of $4.5 billion, and trading volumes hitting $250 million.
In the ever-evolving world of cryptocurrencies, Bitcoin Cash (BCH) stands out as a digital asset that has caught the attention of investors and enthusiasts alike. Launched in 2017 as a result of a hard fork from the original Bitcoin network, BCH aimed to address scalability issues while increasing transaction speed.
Bitcoin cash was once again a big mover, as the cryptocurrency rose by nearly 10% during today's session. The move saw price climb to its highest level since mid-August, and came as U.S. dollar strength pushed the S&P 500 to a three-month low. Chainlink also rallied strongly on Wednesday.
Bitcoin Cash consolidated its gains above $210, as buyers edged on toward the $220 price level.
Bitcoin cash rose by as much as 5% on Tuesday, as bulls extended recent gains following last week's consolidation. The token rose for a second consecutive session, moving closer to a resistance level of $225 in the process. BNB also climbed, pushing towards a ceiling of its own at $220.
Bitcoin Cash (BCH) price reclaimed $215 on Tuesday as Long-term investors intensified their buying activity. On-chain analysis examines how long-term holder wallets controlling the lion's share of the circulating supply could impact BCH prices.
Overcoming the market-wide correction phase, BCH price manages to avoid a sharp reversal seen in many altcoins. Bitcoin Cash's price is moving close to the 50-day EMA and absorbs the incoming at $228 with grace.
$MATIC has recently encountered price fluctuations, while Bitcoin Cash ($BCH) has distinguished itself with remarkable stability, attributed to its emphasis on swift and economical transactions. Cardano ($ADA) consistently radiates positivity amidst market oscillations and $QUBE serves as a symbol of resilience, fostering AI innovation amid market turbulence.
Breaking past the short-term resistance trendline, the BCH price struggles to find bullish momentum to prolong the breakout rally. Facing rejections from the overhead resistance at $228, the higher price rejections keep the breakout rally under the fence. Moreover, a bearish pattern warns of Bitcoin Cash crashing under the 50-day EMA.
In recent weeks, Bitcoin Cash (BCH) has been making waves in the cryptocurrency market, catching the attention of both seasoned and novice investors. Since August 17, BCH has shown remarkable resilience and promise, and it has left many wondering about its potential for the future.
Bitcoin cash price started a downside correction from the $225 zone against the US Dollar. The price is now trading below the $215 zone and the 55 simple moving average (4 hours).
According to a new update from the Mt Gox trustee, Nobuaki Kobayashi, the repayment deadline for creditors has been pushed to next year. Kobayashi said discussions with banks, fund transfer service providers and designated cryptocurrency exchanges have caused delays, making it impossible to meet the original repayment deadline.
Defunct crypto exchange Mt. Gox is extending its deadline to repay about $3.7 billion worth of Bitcoin (BTC) and Bitcoin Cash (BCH) to its creditors. In a new announcement, Mt.
Bitcoin Cash defended the $210 level at press time.
The Bitcoin Cash (BCH) price has increased since August 17. It broke out from a corrective pattern 12 days later.
Last week, some cryptocurrencies tried to recover after the recent price drop. However, this led them into overbought territory. Weekly cryptocurrency price analysis of TON, RUNE, BCH, VET and AAVE from Coinidol.com.
According to recent data analysis from dedicated sites, Bitcoin Cash (BCH) has been experiencing a resurgence in the market, with its price rallying towards $300. The data suggests that the uptrend in BCH's price is due to bullish whales who invested $15.4 million in September 2023 to keep BCH afloat amid bearish headwinds.
After defending the $180 support last week, Bitcoin Cash (BCH) reclaimed $220 on Monday to emerge as the top gainer among the 20 largest crypto projects by market capitalization. On-chain data analysis examines some of the vital indicators that could push BCH's price toward the $300 mark during the next bull rally.
Solana neared the $20.00 level on Monday, as bullish sentiment returned to cryptocurrency markets to start the week. The rise in momentum comes as focus shifts to the upcoming Federal Open Market Committee (FOMC) meeting. Bitcoin cash was another notable gainer today. Solana (SOL) Solana bulls pushed the token towards the $20.
Over the weekend, BCH experienced a slight dip, returning to test the 50-day EMA's resilience. Yet, as Monday rolls in, kickstarting a new week, BCH records an intraday growth of 1.51%. This post-retest reversal heightens the anticipation of a bullish resurgence.
A likely BCH short-term range extension ahead of the FOMC Meeting could provide bulls with extra gains.
