Bitcoin Cash Price Analysis: BCH/USD Consolidating Near Key Support

Key Points Bitcoin cash price traded as high as $637 and later corrected lower against the US Dollar. There was a break below a key bullish trend line with support at $605 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near a major support at $575 and the 100 hourly simple moving average. Bitcoin cash price started a downside correction from the $640 swing high against the US Dollar. BCH/USD is currently consolidating near $575 and it could bounce back. Bitcoin…

Bitcoin Cash Drops 5% as Crypto Market Retraces, Tokens Take a Hit

Twitter Facebook LinkedIn After demonstrating nearly a 50 percent gain within a three-day span, Bitcoin Cash dropped five percent of its value against the US dollar. The volume of Bitcoin Cash, which hovered at around $1.4 billion on November 6, has since dropped to $950 million, by 32 percent. Still, on a weekly basis, the volume of Bitcoin Cash is up from $750 million from $200 million. Ripple (XRP), EOS, and Stellar (XLM), three major cryptocurrencies that experienced fairly large gains against both Bitcoin and the US dollar, recorded a…

Bitcoin Cash Volume Surges 7x to $1.4 Billion, Crypto Market Recovering

Twitter Facebook LinkedIn Major cryptocurrencies including Ethereum, Bitcoin Cash, and Litecoin have increased by more than 5 percent in value over the last 24 hours. The cryptocurrency market has started to demonstrate signs of recovery, as the daily trading volume of large digital asset trading platforms has increased over the past week. The volume of Bitcoin, led by an abrupt surge in volume in the cryptocurrency exchange market of South Korea and the BTC-to-KRW trading pair, increased from $3.1 billion to $4.4 billion within a span of seven days, increasing…

Bitcoin Cash Surges 12% Prior to Hard Fork as Coinbase Reveals Support

Twitter Facebook LinkedIn Over the last 24 hours, Bitcoin Cash (BCH) has increased by around 12 percent from $425 to $477 prior to its hard fork. On November 2, CCN reported that Bitcoin.com and Binance decided to support the version of Bitcoin Cash set forth by ABC, the original developers of the BCH software that forked the Bitcoin blockchain network last year. Upon the announcement of Bitcoin.com and Binance, the price of Bitcoin Cash increased from $425 to $460, briefly reaching $470. Since then, the price of BCH has risen…

Bitcoin Cash Jumps 10% after Binance, Bitcoin.com Reveal Fork Plans

Twitter Facebook LinkedIn The bitcoin cash price awoke from its slump on Friday, mounting a double-digit percentage rally during the early evening hours after two major cryptocurrency firms revealed their plans for the BCH hard fork that is scheduled to take place in less than two weeks. Bitcoin Cash Posts Double-Digit Rally Like most of the large-cap crypto market, bitcoin cash had been in recent weeks been uncharacteristically stable, and the fourth-largest cryptocurrency spent most of Friday morning trading near $425. Shortly after 12:45 UTC, however, the bitcoin cash price…

Bitcoin Cash Price Analysis: Upsides In BCH/USD Capped Near $445

Key Points Bitcoin cash price declined after it failed to break the $445-450 resistance against the US Dollar. There is a connecting bearish trend line in place with resistance at $442 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must stay above the $430-435 area to avoid a downside break towards $400. Bitcoin cash price is under pressure below $445 against the US Dollar. BCH/USD may continue to face sellers near the $440-450 resistance zone. Bitcoin Cash Price Analysis During the past few days,…

Judge Issues Temporary Dismissal in Bitcoin Cash Lawsuit Against Coinbase

A federal judge has dismissed a lawsuit against Coinbase alleging the exchange hurt investors when it listed bitcoin cash by allowing insider trading. On Tuesday, U.S. District Judge Vince Chhabria, from the Northern District of California, dismissed a lawsuit filed by Arizona resident Jeffrey Berk against Coinbase, who claimed that the exchange allowed insiders to trade bitcoin cash prior to its listing on the exchange. This in turn harmed  investors, he said in March. In the original complaint, filed in March, Berk claimed that “unsurprisingly, those who had been tipped…

Bitcoin Cash Price Weekly Analysis: BCH/USD Primed for More Upsides

Key Points Bitcoin cash price declined sharply, but it found support near the $420 level against the US Dollar. There was a break above a major bearish trend line with resistance at $435 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may well continue to move higher once there is a break above the $450 resistance. Bitcoin cash price is placed well above the $420 support against the US Dollar. BCH/USD could accelerate above the $450 and $460 resistances in the near term. Bitcoin…

Bitcoin Cash Price Analysis: BCH/USD Turned Sell on Rallies Near $440

Key Points Bitcoin cash price declined further and traded close to the $420 support level against the US Dollar. There is a new bearish trend line in place with resistance near $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to face a lot of selling interest if it trades towards $440 or $450. Bitcoin cash price is back in a bearish zone below $450 against the US Dollar. BCH/USD could continue to face a lot of selling interest near the $440-450…

Bitcoin Cash Price Analysis: BCH/USD Primed To Break $530

Key Points Bitcoin cash price is trading with a positive structure above the $510 support against the US Dollar. There is an ascending channel in place with support at $520 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to move higher above the $530 and $540 resistance levels in the near term. Bitcoin cash price is consolidating above $520 against the US Dollar. BCH/USD could accelerate higher once buyers clear the $530 resistance area. Bitcoin Cash Price Analysis Yesterday, we saw a…