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Following its peak at $328 for the year, the Bitcoin Cash (BCH) price has experienced a decline. This decline led the price to dip below the significant horizontal resistance level of $280.
A month after its incredible rally, BCH's price is nowhere near the peak initially reached. But certain indicators suggest a possible comeback.
Local authorities in the Indian state of Odisha took down a $120 million crypto Ponzi scheme on Tuesday. Local media revealed that the Economic Offences Wing (EOW) of the state police arrested two central figures behind the fraud that was operating pan-India.
After a bearish start to August 2023, Bitcoin Cash (BCH) price is finally flashing on-chain signals of a potential purple patch. With BCH short sellers suffering their highest liquidations since July 13, a market momentum swing could trigger another Bitcoin Cash price rally.
Bitcoin Cash was one of Monday's biggest movers, rising by as much as 5%, despite markets mostly consolidating to start the week. The global crypto market cap has been largely unchanged, with volatility mostly muted. Stellar also rose higher, avoiding a drop below a key support point.
Bitcoin (CRYPTO: BTC) edged higher, with the cryptocurrency prices trading above the key $29,000 level on Monday. Ethereum (CRYPTO: ETH) also moved slightly higher, trading above the key $1,800 mark this morning.
Bitcoin Cash's (BCH) price action continued to dip slowly after another rejection at a critical price level.
Cryptocurrencies are far beyond their original concept, having evolved into a way of creating vast ecosystems at the fingertips of the world. Bitcoin (BTC) was the first rung on the ladder, the stepping stone to this immense technology.
The Bitcoin Cash (BCH) price has declined since its yearly high of $328. The decrease took the price below the crucial horizontal resistance of $280.
BTC returned to its rangebound ways a day after it rose suddenly and then subsequently dropped as dramatically.
BCH coin price shows higher rejection from the resistance trendline in the 4-hour chart. The range breakout rally struggles to exceed the resistance trendline and retests the breakout. With five candles struggling to sustain above the $250 level, BCH coin price projects solid underlying bullish sentiment.
Between July 6 and July 25, Bitcoin Cash price declined 27% from $295 to $233 as BCH miners offloaded a huge chunk of their reserves. Over the past week, bullish whales have started buying again.
Shibburn wallet tracker has reported that since last morning a better than nothing progress in SHIB burns has been achieved as the burn rate of this popular meme coin has gone up by a couple of hundred percent.
Bitcoin Cash [BCH] may have to cross a major hurdle for traders to see some winds. Dwindling selling pressure at the critical $248 price level could offer a chance for a bullish rebound.
Bitcoin cash price started a fresh decline below the $255 zone against the US Dollar. The price is now trading below the $250 zone and the 55 simple moving average (4 hours).
Snapping up these under-the-radar cryptos before the next rally could amplify your portfolio with multibagger returns.
Bitcoin Cash (BCH) mining service will now be available on Binance Pool.
After achieving a new yearly high on June 30, the Bitcoin Cash (BCH) price has experienced a decline. Nonetheless, there are indications that the correction phase might be over.
Binance Mining Pool has declared the official launch of its Bitcoin Cash (BCH) mining service.
Bitcoin Cash (BCH) price is down 28% from the start of July 2023, with on-chain data signaling growing bearish sentiment. Where will BCH find support?
The total crypto market cap is down by $40 billion in a day.
Bitcoin Cash price started a downside correction and tested $230 against the US Dollar. BCH might aim a fresh rally toward the $280 and $300 levels.
Cryptocurrency prices remained in a consolidation mode during the weekend as volume dropped. Bitcoin was oscillating at the important level of $30,000 while Ethereum held strong at $1,800. As a result, the fear and greed index has remained steady at 50 while the total market cap has dropped to ~$1.19 trillion.
Bitcoin cash price started a fresh decline below the $265 zone against the US Dollar. The price is now trading below the $255 zone and the 55 simple moving average (4 hours).
