Bitcoin Cash: Sellers look to extend gains
Bitcoin Cash's (BCH) price action continued to dip slowly after another rejection at a critical price level.
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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).
The Bitcoin Cash (BCH) price has fallen since reaching a new yearly high on June 30. However, it shows signs that the correction is complete.
Bitcoin Cash eased below $250 with bears looking to seize control from bulls. With short positions at a greater advantage at the time of writing, the question remains: are bulls out of fuel?
The cryptocurrency market has been witnessing a significant bullish trend, particularly in the altcoin sector, following Ripple's partial victory against the U.S. Securities and Exchange Commission (SEC).
Bitcoin Cash (BCH) price continues to hit new lows in July since dropping from its recent 2023 high of $320 on June 30. Amid mounting losses, BCH investors are now looking to make one final push to avoid a prolonged bearish reversal.
Bitcoin and other major cryptocurrencies have entered a period of relative calm as they trade without significant price movements for the third consecutive day. Last week's increased volatility, fueled by Ripple's legal victory, has subsided, leading to a more stable market environment.
As BCH sellers threaten to devalue the altcoin further, here are the likely key interest areas for bulls.