BCHUSD UPDATE
Japan has been adopting cryptocurrency as a payment option for institutions, commercial outlets, and luxury lounges, and soon, even transportation.
According to BCH proponent and Bitcoin.com CEO Roger Ver, Japanese stores accepts BCH more than BTC, making Japan as the third densest region who utilize BCH.
Following a huge rally on BTC, other cryptocurrencies are eventually making their run, including Bitcoin Cash. As we all know last year, bitcoin cash crashed down massively as they split the bitcoin cash into to two last November 15. Since then, BCH/USD suffers all time low pitching on $65.74 as the pair struggles to gain momentum.
Currently, we can see a HUGE movement on other major cryptocurrencies such as Bitcoin since the last 3 consecutive weeks of bull movement.
As we see on the technical analysis, there is a HUGE GAP since the split of BCH which seeks to be closed. Now is the perfect time to close the gap as the potential GROWTH of BITCOIN now is nearing to the $5,000 mark. As it continues to go up, we can observe the BCHUSD pair is about to reach its first resistance at $297.66. We can also notice this bull rally on our RSI and STOCHASTIC. Once it will surpass the level of resistance at $350.70 mark, we can see a potential growth for this pair of BCHUSD to close its gap. However, this will still depend on what will happen as the market fundamental news will still be a huge factor to close the gap.
According to BCH proponent and Bitcoin.com CEO Roger Ver, Japanese stores accepts BCH more than BTC, making Japan as the third densest region who utilize BCH.
Following a huge rally on BTC, other cryptocurrencies are eventually making their run, including Bitcoin Cash. As we all know last year, bitcoin cash crashed down massively as they split the bitcoin cash into to two last November 15. Since then, BCH/USD suffers all time low pitching on $65.74 as the pair struggles to gain momentum.
Currently, we can see a HUGE movement on other major cryptocurrencies such as Bitcoin since the last 3 consecutive weeks of bull movement.
As we see on the technical analysis, there is a HUGE GAP since the split of BCH which seeks to be closed. Now is the perfect time to close the gap as the potential GROWTH of BITCOIN now is nearing to the $5,000 mark. As it continues to go up, we can observe the BCHUSD pair is about to reach its first resistance at $297.66. We can also notice this bull rally on our RSI and STOCHASTIC. Once it will surpass the level of resistance at $350.70 mark, we can see a potential growth for this pair of BCHUSD to close its gap. However, this will still depend on what will happen as the market fundamental news will still be a huge factor to close the gap.
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