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Since Augusts recovery, Bitcoin Cash BCH found it difficult to break lower as it reestablished support with a slight bounce. It appeared strong on the day following a 15% surge since the start of the week. Last months trading marked the end of a major correction for BCH as it […]
Bitcoin Cash (BCH) finds itself at a critical juncture as it endeavors to stage a comeback following a period of market turbulence. Currently trading in the $320 range, BCH has managed to hold above a crucial support level that previously cushioned its fall during July’s market downturn. The recent market
Users of the LibertyX ATMs can send BTC to a LibertyX address and receive fiat for their crypto at ATMs in 30 states.
In an interview, Paytacas CEO shared the number of merchants locally and internationally that are now accepting BCH via their POS.
Bitcoin Csh (BCH) hs witnssd notbl ris ovr th pst month, xprincing significnt 20% pric incrs tht pushd its vlu bov $450. Howvr, this rpid surg promptd wv of quick profit-tking, cusing subsqunt pric dclin. In rly August, BCH droppd to low of $273, nd within th pst wk, th […]
Recently, crypto analysts have been attracted to Bitcoin Cash (BCH); Alan Santana provided an extremely intricate analysis concerning the coin’s future. He advises investors though to hold off on accumulating BCH until the market shows clearer signs of stability. Related Reading: HODLing Resurgence? 374,000 Bitcoin Transfer Ignites Crypto Recovery The cautious outlook for Santana was based on the notion that, from his belief, the correction in the market wasn’t over yet. He indicated that BCH still might be due for a little room down to the bottom, likely to precede the bull market expected in 2025. Strategic Accumulation And Market Timing The analyst focuses on a meticulous accumulation strategy. Santana advises investors to wait for signals of the bottoming of the market before buying BCH. He says such patience can pay off handsomely. He also encourages one to look at both linear and logarithmic graphs, for each offers a different perspective into price action. This gives a greater overview of where BCH might be headed when both of them are combined. Bitcoin Cash Pre-2025 Bull-Market Accumulation Zone & Strategy Another amazing cryptocurrency project. You know our motto, we love all cryptocurrencies; the more the better. Good evening ladies and gentlemen… Are you ready to be entertained? Bitcoin Cash peaked before pic.twitter.com/DMLJ077ufN Alan Santana (@lamatrades1111) August 13, 2024 Of course, these potential returns would be for those willing to follow the advice. However, he also cautioned that such gains would most likely have to travel through further declines on the market. Timing and patience in riding out wildly swinging markets are thus what seem to be emphasized more than anything else with his strategy. BCH is independent of the broad market trend. In 2021, BCH led in May, a little ahead of other altcoins. In the year 2023, BCH started off in June to peak in April 2024. This time difference right here can give BCH an added strategic advantage for investors who understand that market behavior. World Of Charts, another analyst, recently offered an upbeat prediction for Bitcoin Cash’s (BCH) price trajectory. WOC believes that BCH is almost ready for a big bounce in the upcoming weeks. BCH was trying a number of resistance levels at the time of his research. These milestones functioned as obstacles that BCH had to clear in order to pursue new annual highs. According to the analyst, a significant price gain may occur if BCH is able to overcome these resistance levels. Related Reading: Bitcoin SV Makes A Surprise Move With 10% Uptick Details Short-Term Outlook: Resistance And Growth While Santana’s view for the long term is very conservative, the short-term BCH forecasts are pretty optimistic. CoinCheckup data interprets this to mean a possible 4.80% increase BCH over the next three months. This growth could be driven by steady accumulation and mild bullish momentum. Though modest, this could position BCH to test the $230-$240 resistance zone. Further out, the six-month outlook for BCH is a projected 14% rise. Assuming BCH can break out of its current resistance levels, the target will be the $270-$280 zone. But more so important will be how the market reacts at those levels, and that shall be the determinant as to whether BCH will keep the momentum or there will be heavy pullbacks. Featured image from Pintu, chart from TradingView
Bitcoin Cash (BCH) has recently garnered attention from crypto analyst Alan Santana, who shared his insights on the coin’s potential price trajectory leading up to the anticipated 2025 bull market. His analysis, which combines a detailed market outlook with a strategic accumulation plan, underscores the importance of patience and timing for investors. Bitcoin Cash (BCH) […]
The Mt. Gox rehabilitation plan, approved in 2021, moves forward with BTC and BCH repayments, and North Carolinas CBDC ban was vetoed by the governor.
Bitcoin Cash’s hash rate soared to a yearly high this week after an unknown miner captured around 90% of its blocks within two days. This surge comes as the network’s native BCH token hit a four-month low following a broader market crash and the defunct Mt. Gox BCH repayment plans. Phoenix mines 90% of BCH […]
The post Bitcoin Cash hash rate hits yearly peak as Phoenix dominates 90% of the network appeared first on CryptoSlate.
According to data from Arkham Intel, Mt. Gox has initiated the process of repaying creditors by transferring a nominal amount of Bitcoin to one of the designated exchanges. This development follows months of speculation and planning concerning the disbursement of approximately $8.2 billion in Bitcoin owed to creditors of the defunct exchange. Are Mt. Gox Bitcoin Repayments Beginning? Early today, three wallets historically linked to Mt. Gox executed three transactions. The most significant of these involved the transfer of $24 in Bitcoin to a wallet which then proceeded to send these funds to Bitbank’s hot wallet. Bitbank, listed as one of the exchanges authorized to facilitate repayments, alongside Kraken, Bitstamp, SBI VC Trade, and Bitgo, is set to make these funds available to its customers within a timeframe extending up to 90 days from receipt. Related Reading: Bitcoin Price Could Massively Crash Like In May 2021, Warns Fund Manager However, there is some uncertainty surrounding these transactions, as the funds were not moved directly from the primary Mt. Gox wallets. Observers speculate whether this activity could be a preliminary test ahead of larger transfers intended for creditor repayment. The Mt. Gox Rehabilitation Trustee has previously indicated that the repayment process was scheduled to commence from the beginning of July, although specific dates for the transfers have not been disclosed publicly. The other two transactions, one transfer of BTC worth $3.00 and another worth $0.32, was transferred to a new wallet. This subtle movement of funds occurs amidst a turbulent period for Bitcoin, which has seen its price plummet by more than 20% since reaching $72,000, now hovering around $57,700. What To Expect Peter Chung, Head of Research at Presto Research, recently provided insights into the broader implications of the Mt. Gox repayments. He outlined the expected dynamics between Bitcoin (BTC) and Bitcoin Cash (BCH), predicting significant trading opportunities. “The Mt. Goxs Rehabilitation Trustee plans to distribute multi-billion dollars worth of BTCs and BCHs to the Mt. Gox creditors between July 1st and October 31st, 2024. This will likely alter supply/demand dynamics in BTC and BCH during this four-month period, potentially opening up a pair trading opportunity, he stated. Related Reading: Longest Miner Capitulation Since 2022 Signals Potential Bitcoin Rally Ahead Chung emphasized the disparate impacts on BTC and BCH: “Our analysis shows that the selling pressure for BCH will be four times larger than for BTC – i.e., 24% of the daily trading value for BCH vs. 6% of the daily trading value for BTC. This differential reflects varying investor bases, with BCH’s being considerably weaker and more likely to sell off holdings.” He advised traders on potential strategies: “Long BTC perpetuals paired with short BCH perpetuals is the most efficient market-neutral way to express this view, barring funding rate risk.” For those concerned about volatile funding rates, Chung recommended exploring “other approaches, such as short-term futures or borrowing BCH in the spot market.” At press time, BTC traded at $57,727. Featured image created with DALL·E, chart from TradingView.com
With its recent performance, Bitcoin Cash (BCH) has been generating news and attracting the interest of both experts and investors for its obvious ascent. Reflecting a robust market performance, BCH jumped by around 14% in the last week. Related Reading: Bitcoin Price Eyes Fresh Gains: Can BTC Climb Again? The Bitcoin fork has grown by 12% over the past 30 days, therefore transcending just short-term benefits. At $430 right now, and up 18% in the weekly frame, BCH has a market valuation of $8.60 billion and a 24-hour trading volume of $1.33 billion. With BCH controlling 0.36% of the crypto market, the general trend stays favorable even if the latest 24 hours show a minor decline of 3.50%. $BCH (Bitcoin Cash) prices confirmed a Hidden Bullish Divergence and has since displayed MAJOR STRENGTH, but there can be much greater coming with a target @ $3,745.89 that’s in play! With this target, another +683% climb could take place to reach it and this divergence looks to https://t.co/nh2TFxU29l pic.twitter.com/5JO9J6vNT5 JAVONMARKS (@JavonTM1) July 29, 2024 Expert Forecasts Massive Increase Expert on cryptocurrencies, Javon Marks, has presented a positive view on Bitcoin Cash’s future course. Marks claims BCH has verified a Hidden Bullish Divergence, indicating great upside possibility. According to his analysis, BCH might reach a goal level of $3,745, a whopping 683% rise from existing levels. Marks underlines that the current price swings are only the start; a significant rise is set by these developments. Investors and traders, who are attentively observing BCH’s future actions through important resistance levels, have been excited by this prognosis. Historical Context & Market Sentiment The historical performance of BCH offers important background for both present and future trajectory. On December 20, 2017 BCH peaked at $4,350 and fell to $77.20. Ever since the previous cycle low, $1,620 has been the highest BCH price. The Fear & Greed Index shows a reading of 61, which corresponds to “Greed,” hence despite the volatility, the present market mood stays positive. This implies that investors are likely to keep supporting BCH’s upward movement as they are enthusiastic about its possibilities. Bitcoin Cash: Price Forecast The crypto prediction tool CoinCheckup projects BCH to increase by 4.55% over the next three months. This estimate shows a steady, although slow rise in market confidence and possible investment flow. Rising institutional interest, clear regulations, and wider adoption of cryptocurrencies in many economic sectors are among the elements driving this price action. With a forecasted increase of 16% over the following six months, BCH’s medium term development is expected to be more noticeable. This projection points to perhaps major adoption benchmarks and a better market vibe. This positive mood is probably driven by technological developments, higher transaction volumes, and better connection into financial systems. Related Reading: Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs Investor Takeaways The existing and expected behaviour of Bitcoin Cash offers investors an interesting option. Recent increases, professional forecasts of a significant spike, and favorable market atmosphere point to BCH being ready for significant increase. Still, one should take into account the possible risks and the natural volatility of the crypto market. Investors and traders will be looking at the next significant movements BCH makes across resistance levels as it keeps displaying strength. Should the optimistic forecasts come true, BCH may be about to climb very spectacularly, offering investors in this coin great prospects. Featured image from Pexels, chart from TradingView
Bitcoin Cash (BCH) is undergoing a notable uptrend, flashing all strong signs of a huge upward movement. In the past week, BCH surged almost 14% in a week, indicating its strong performance. This certainly is not an interim spike as checking through a longer time frame indicates that BCH has risen by 9% in the […]
Bitcoin Cash hash rate leaps overnight as the mysterious 'Phoenix' miner emerges, stirring debate over their intentions.
Mt. Gox is set to repay creditors in July, distributing approximately 75,000 BTC. Analysts predict minimal market impact due to Bitcoin's liquidity. (Read More)
Bitcoin Cash (BCH) gains mirror Bitcoin’s surge to near $70k. With Bitcoin Cash price rising above $450, are bulls strong enough to eye further gains? Bitcoin Cash (BCH) rose more than 14% in 24 hours to trade above $450, its highest level since mid-June. BCH gained as Bitcoin (BTC) moved to within reach of $70,000 […]
The post Bitcoin Cash jumps 14% to hit $450 as BTC eyes $70k appeared first on CoinJournal.
Altcoins offer investors and traders an alternative to big cryptocurrencies within the market. Since the start of this week, these major cryptocurrencies like Bitcoin and Ethereum have continued to rocket upwards, pulling the majority of the market with them. Bitcoin Cash, a direct fork of Bitcoin, is seeing success after todays 3% increase in total market cap. According to CoinGecko, the coin is up nearly 15%, making it the lead gainer of todays market environment. Related Reading: Fantom (FTM) Regains Momentum After Weeks Long Bleed Will This Continue? Superb Market Conditions Spur Trader Interest The tie between the traditional and crypto markets cannot be understated. Major market indices like the Dow Jones and the S&P 500 show a high correlation with major crypto assets like Bitcoin. This positive correlation thus gives the altcoin market a hand in situations like this one. Investors, traders, and economists are eyeing several central bank meetings of G7 nations like Japan, the United States, and the United Kingdom. The most notable of these is the highly likely US Federal Reserve September rate cut hinted at by US Feds Chair James Powell. This means that the Fed, and other central banks like it, are observing that the economy is going back to being healthy, thus not requiring measures like increasing interest rates. Experienced and newbies alike also dove into the crypto derivatives market. According to CoinGlass, BCHs rocket upward contributed to more long-term investors entering the scene, introducing newer contracts to the market. Online analysts are also bullish on BCH continuing its strong run until next month. $BCH Descending Channel Breaking out in 12H Timeframe Expecting Bullish Wave#BCH #BCHUSDT #Crypto pic.twitter.com/O7PBegZ2px ZAYK Charts (@ZAYKCharts) July 28, 2024 These positive metrics leave bulls more than enough ground to continue their upward rise. Along with the halving event BCH experienced last April, the coin has since become another crowd favorite for its near-consistent performance. Bitcoin Cash: Will The Bullish Pace Continue? The overall financial situation of the global market can be summarized in a phrase: Very optimistic. However, investors and traders in BCH should note that this bull run is a recovery attempt from months of bearishness. Although the correlation between BTC and BCH is high, investors should still be cautious as this can also translate to BCH following Bitcoin downwards if it corrects to a more sustainable level. Related Reading: Bitcoin On Fire: 20% Surge In 3 Weeks Teases Record-Breaking Potential And this might also be the case. The bulls, after nearly a month of continuous gains, will eventually be left exhausted. Once the bears take over the market, we might see the token stabilize in its current price range of around $450. It will take another month of positive market conditions to continue this kind of movement. Investors and traders should then watch the broader economy and the upcoming Federal Open Market Committee decision as the majority of the financial worlds decision will hinge on this metric. Featured image from Medium, chart from TradingView
Mirroring Bitcoin’s movement, BCH is now gaining traction again after witnessing a short pullback earlier this week. The price currently appears strong daily as it sets to break out of a key resistance level. After bouncing nicely from a four-month low earlier this month, BCH faced tough resistance at the […]
After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed.
The Bitcoin Cash price prediction reveals that BCH keeps forming higher as the coin moves to cross above the upper boundary of the channel. Bitcoin [...]
In the latest recovery, Bitcoin Cash posted an almost 25% gain in the past week and continued to show signs of strength. It is approaching a critical resistance, where a bigger surge in volatility could take place. Bitcoin Cash was trending bearishly earlier this month following a new breakdown from […]
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