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BCH

Bitcoin Cash BCH price what is happening, why is it growing?The goal from the previous BCHUSDT idea, which was drawn on the chart, has been achieved, that's why it is worth updating the picture and thoughts. By the way, in the same previous idea, we described a lot about Bicoin Cash and our memories associated with this project on the crypto market. So, in a little over a week, the price of BCH has grown by +130%, which is a super rapid growth that has not been seen since the end of 2018. We don't know what this rapid growth is due to, maybe you will share important information in the comments below the idea? In our opinion, before continuing the growth wave to t he next targets of $340 and $550 , the BCHUSD price should correct in the coming days. And the $150-160 zone is a "tasty area" for buying BCH, of course, if you believe that the project has been resurrected and has great prospects. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
27
Is BCH going to surge?In the BCH D chart, it can be seen that BCH has been consolidating for over a year. Recent news suggests that BCH spot trading will be available on the US exchange DEX (as the fourth currency, including BTC, ETH, and LTC). This has caused BCH to rise and break out of the consolidation range, reaching a high of 193.15. - There are a few target price levels to watch: 196.30 210.65 222.10 - Looking at the smaller timeframe chart: BCH has the possibility of experiencing a short-term pullback, with support in the range of: 154.55~169.00.
by noah_chen
BCH: Rally UnleashedBitcoin Cash (BCH), a prominent member of the cryptocurrency market, has recently attracted significant attention, primarily due to its remarkable price rally. Currently trading at approximately $217.2, BCH has seen a substantial 14% surge over the past 24 hours. This volatility not only demonstrates the dynamic nature of cryptocurrency markets but also underlines the importance of careful analysis and consideration for both investors and traders. This article aims to delve deeper into the technical and fundamental factors contributing to BCH's current market situation and future potential. Technical Analysis: Indicators and Interpretation Starting with the technical analysis, it is essential to highlight the integral role of various indicators. When examining the BCH price chart, we utilize a wide range of tools that assist in understanding the prevailing market conditions and potential future directions. Relative Strength Index (RSI) The RSI, a tool used to measure the speed and change of price movements, currently stands at 64 for BCH. Typically, an RSI above 70 indicates overbought conditions, suggesting a possible price pullback. On the other hand, an RSI below 30 is a sign of oversold conditions, which could lead to a price increase. With BCH's RSI sitting at 64, it teeters towards the overbought territory but still maintains a safe distance. This suggests that there might still be room for upward price movement before a potential correction phase. Moving Average Convergence Divergence (MACD) Next, the MACD, another momentum oscillator, reveals a reading of 6 for BCH. When the MACD is positive, as it currently is for BCH, it suggests that the overall trend is bullish. The fact that the MACD line remains above the signal line further solidifies the bullish market sentiment surrounding BCH at the moment. Volume Oscillator In trading, volume is an often overlooked but crucial factor. The volume oscillator for BCH currently stands at -1%, which implies that the volume is relatively stable. Stability in volume, especially in a bullish trend, can be a positive sign as it shows the trend is not weakening and might sustain. Bollinger Bands Bollinger Bands are used to identify potential buy and sell signals for an asset. For BCH, the upper, middle, and lower Bollinger bands indicate $222.9, $200, and $178.8, respectively. Here, the upper band at $222.9 forms a significant resistance level that BCH touched once on June 24th. On the contrary, the lower band at $178.8 serves as a critical support level, acting as a safety net to prevent further price drops. The price action bouncing between these levels is something traders should observe closely. Fibonacci Levels Looking at different time frames, we notice the Fibonacci levels offering crucial insights. On a 4-hour chart, the zero level of Fibonacci is at $221.9, the half level at $163, and the first level at $104.8. The daily chart shows the 4.236 level of Fibonacci at $236. This divergence in levels across different time frames underscores the importance of multi-time frame analysis in trading. Fundamental Analysis: Recent Developments and Impact On the fundamental front, a primary driver of BCH's recent rally appears to be its listing on EDX Markets. Backed by heavyweights in traditional finance, such as Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDX Markets is a newly established cryptocurrency exchange that added BCH to its roster of tradeable assets. The listing announcement resulted in an immediate positive impact on BCH’s price. The exchange's broad customer base and its partners' established reputation in the finance sector increased BCH's visibility among potential investors. This, in turn, sparked an increase in trading volume and social media interest, which created a feedback loop that further drove up BCH's value. In essence, the listing announcement served as a catalyst for BCH's recent rally. However, while the price rally is indeed impressive, it's essential to view it in context. Although BCH is experiencing a resurgence, it is still 95% down from its all-time high price reached in December 2017, according to CoinMarketCap data. Moreover, despite being designed to serve as a payment network, BCH's blockchain traffic is significantly overshadowed by Bitcoin's transaction numbers. Future Perspectives: Market Dynamics and Investor Sentiment Looking ahead, a few factors could shape BCH's future trajectory. The first is the broader market trend. With Bitcoin (BTC) and several other major cryptocurrencies showing bullish signs, BCH may continue to ride this wave of market optimism. However, it's essential to stay cautious as cryptocurrencies are notorious for their volatility, and market trends can reverse quickly. Secondly, BCH's adoption for transactions will play a critical role in its long-term performance. As a Bitcoin fork, BCH aimed to improve upon Bitcoin by offering faster and cheaper transactions. While BCH's current transaction numbers don't match Bitcoin's, increased adoption of BCH for transactions could boost its long-term prospects. In conclusion, BCH's recent surge, sparked by its listing on EDX Markets and amplified by rising social media interest, paints an optimistic picture for the coin. However, BCH's long-term performance will hinge on a combination of factors, including broader market trends, its transaction adoption rate, and evolving investor sentiment. As such, while current indicators suggest a potential continued upward trajectory, investors should still employ robust risk management strategies. The crypto market's highly volatile nature means prices can change rapidly, and past performance is not indicative of future results.
Long
by ShawnMCR
17
Bitcoin CME Gap Chart Analysis: Two Significant Gaps to Watch#Bitcoin CME GAP Chart Analysis - Current BTC Price: $31,120 - Continuous green candles since June 15th Two unfilled CME gaps to watch: 1️⃣ First GAP: $35,180 Originated on May 9th, 2022 Price nearing this level Potential for upcoming gap fill 2️⃣ Second GAP: $20,330 Represents 35% drop from current level Unfilled, important to monitor While gap fillings aren't guaranteed, these levels hold significance. $35,180 gap may fill before $20,330. Placed Buy Bid: $30,330 Specific price for potential entry Stay informed for trading decisions. Not all gaps fill, but monitoring provides insights.
CME:BTC1!Long
by CryptoPatel
4
BCH Bitcoin Cash and the Wall Street-backed EDX Exchange Launch If you haven`t sold BCH here: Then you should know that the recent launch of the Wall Street-backed cryptocurrency exchange, EDX Markets, is a significant development that signals growing acceptance and adoption of digital assets within the traditional financial industry. This event brings a bullish sentiment to the crypto market, indicating increased confidence from institutional investors. EDX Markets is specifically designed to facilitate safe and compliant trading of digital assets, offering clients distinctive benefits such as competitive quotes, liquidity, and a non-custodial model. By prioritizing best practices and establishing trusted intermediaries, EDX aims to alleviate conflicts of interest and provide a secure trading environment. The initial assets available for trading on EDX are the largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ethereum (ETH), as well as Litecoin (LTC) and Bitcoin Cash (BCH). This selection showcases the platform's focus on the most established and widely recognized digital currencies, instilling confidence in investors. The entry of prominent financial players such as Schwab, Fidelity, and WisdomTree into the cryptocurrency space further strengthens the bullish case. WisdomTree Investments' recent application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) reflects the growing market interest in this investment vehicle. With BlackRock's filing also fueling the discussion around Bitcoin ETFs, it is evident that established firms recognize the potential of cryptocurrencies as a legitimate asset class. In this context, my short-term price target for BCH is $147. However, I maintain a bearish outlook for the overall year due to the ongoing Binance investigation and the lawsuit filed by the SEC. Looking forward to read your opinion about it.
Long
by TopgOptions
✴️ Early Bird Gets The Worm | Bitcoin CashI like about Bitcoin Cash (BCHUSDT) that the transactions are really fast... There are basically no fees; really low. Early bird gets the worm. This is an early call/signal... But it won't be early once everything takes off. Today we see BCHUSDT moving above EMA10 after a very long consolidation phase since July. We also have a giant falling wedge pattern... With almost 6 months of sideways action... The next wave will be strong whenever it really happens. If the time is now, early is better... Early gives low risk (tight stop-loss) with high potential for rewards (higher targets). Additional details on the chart (targets and support). Do your own research. Namaste.
Long
by AlanSantana
9
Bitcoin Cash Bullish Analysis Toward $800 PotentialBitcoin Cash (BCH) Chart Analysis: Exploring the Potential Bullish and Bearish Scenarios Bitcoin Cash (BCH), currently trading at $129, has experienced a notable 40% increase in value over the past week. However, it is important to note that BCH remains down by 92% from its all-time high. In this chart analysis, we will explore the current market situation for BCH and examine both the bullish and bearish scenarios that could unfold in the near future. Bullish Scenario: Should BCH manage to break out above the $150 resistance level, it could potentially enter a bullish zone. This breakout may open the doors for further price appreciation, with potential targets at $400 and $800 during the next bull market cycle. It is crucial to monitor the price action around the $150 level as a breakout could signal renewed buying pressure and a shift in market sentiment. Bearish Scenario: If BCH is rejected from the strong resistance level at $150, it might face downside pressure. In such a scenario, the price could potentially drop to a range of $80 to $90, creating an attractive accumulation zone for investors. Traders and investors should exercise caution and closely observe how the price reacts to this resistance level, as a rejection could result in further downward pressure. Key Levels and Considerations: Support Levels: In the event of a bearish scenario, the key support levels to watch are $90 and $70. These levels could potentially act as significant areas of demand, attracting buyers and providing a foundation for a potential price reversal or consolidation. Resistance Levels: On the upside, if BCH breaks above the $150 level, it could encounter resistance at $400 and $800. These levels may present challenges for further upward movement, as they have historically influenced price action and investor sentiment.
Long
by CryptoPatel
1
BCH/USDT - Bitcoin Cash: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $BCH / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 135.6 | 146.6 | 164.6, and the major support zones can be found at 117.6 | 110.6 | 92.6. Consider entering a trade at the current price zone of 123.9 and targeting higher levels. ◰◲ General info : ▣ Name: Bitcoin Cash ▣ Rank: 29 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Payments - Currencies ▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value. ◰◲ Technical Metrics : ▣ Mrkt Price: 123.9 ₮ ▣ 24HVol: 7,823,626.201 ₮ ▣ 24H Chng: 2.993% ▣ 7-Days Chng: -1.69% ▣ 1-Month Chng: -8.22% ▣ 3-Months Chng: 26.08% ◲◰ Pivot Points - Levels : ◥ Resistance: 135.6 | 146.6 | 164.6 ◢ Support: 117.6 | 110.6 | 92.6 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.46 ▣ Last 90D: 1.43 ▣ Last 1-Y: -0.97 ▣ Last 3-Y: 0.33 ◲◰ Volatility : ▣ Last 30D: 0.67 ▣ Last 90D: 0.59 ▣ Last 1-Y: 0.82 ▣ Last 3-Y: 1.02 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.68 - Bullish ▣ In-depth BCHUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
1
#BCHUSDT Insights into the Market Dynamics💎 #BitcoinCash is currently retesting the previous demand area, which has now transformed into a supply zone. This area can determine the course of action for the market. Will we witness a swift continuation of the prevailing downtrend, or is it a time of uncertainty for sellers? Let's delve into the analysis to determine the most probable outcome. 💎 First and foremost, it's crucial to note that #BCHUSDT has broken below the downtrend trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This bearish price action suggests that bears maintain control and strengthens the case for a continuation of the established downtrend. 💎 At present, #BCH is trading near a resistance level, enticing potential sellers. However, it's important to consider the possibility of a price spike to the upside, or what is often referred to as a "stop-loss hunting" event. Such market dynamics can introduce temporary volatility and test the resolve of bearish sentiment. 💎 Nevertheless, as long as #BCH remains below the critical resistance level, the probability remains tilted in favor of the bears. In this scenario, there is a potential 30% price decline, with #BitcoinCash targeting the 127.2% Fibonacci support level. 💎 It is imperative to closely monitor the price action, particularly for a decisive break and close above the critical resistance area. Such a development would serve as a strong signal that the trend is shifting, potentially opening up opportunities for a bullish reversal. Rest assured, the MCP team will promptly inform Paradisers of any significant trend changes. Stay tuned for updates and valuable insights.
Short
by MyCryptoParadise
BCH: Descending Triangle BreakoutBitcoin Cash (BCH) technical analysis: Trade setup : Bearish breakout from Descending Triangle pattern, below $110 support, which confirms a downtrend. Price could revisit $95 support last seen in late 2022. Pattern : Price was trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $95. The nearest Resistance Zone is $110 (previous support), then $120, and $140 – $150.
Long
by altFINS
BCH price in slow declineHi guys, let's review the current situation for BCHUSDT on 1D price chart. The price of BCH stuck in $50-60 price range for almost a year. On 1D timeframe we can see that there is a descending triangle on the chart and there is no signs that price can go up. Descending triangle is a bearish pattern and I don't expect that the price of BCH will go higher than $120-$125. Most likely within next few months we'll see price testing support line at $97. It might go even lower than that. Overall I'm quite bearish on BCH. If this post is useful to you, you can support me with like/boost and advice in comments. Many thanks.
Short
by Real_CryptoRoy
9
BCH/USDT Maximize Potential with Trend Line, RSI Divergence💎 BCH/USDT has been closely following a trend line, indicating a consistent pattern of price movements. As the trend line breaks, it triggers a wave of bullish momentum and the price of BCH/USDT to new heights 💎 Relative Strength Index (RSI) is showing a bullish divergence, signaling a potential shift in momentum. 💎 Combining the trend line and the RSI bullish divergence, it suggests that there may be an upward price movement on the horizon for BCH/USDT. Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️
Long
by MyCryptoParadise_Simon
1
Range Channel Formation and Potential Support BreakdownDuring the previous month, Bitcoin Cash (BCH) has responded to two distinct resistance and support levels depicted on the chart, resulting in the formation of a range channel within the 4-hour time frame. In order for the price to break out of this channel, it is necessary for the daily time frame candles to close above the $120 mark, with robust bullish candles indicating strength. Under these circumstances, an anticipated price increase within the range of $135 to $137.5 becomes plausible. However, a comprehensive analysis of the daily time chart reveals a lack of compelling indications for a significant shift in the prevailing trend. Consequently, should the support range of $112 to $108 be breached, there is potential for further price depreciation towards the range of $105 to $101. Within this particular support zone, a more substantial market reaction can be anticipated.
by MonoCoinSignal
1
BCH/BTC - Bitcoin Cash: ◳◱ Technical analysis to be included soon, stay tuned! ◰◲ General info : ▣ Name: Bitcoin Cash ▣ Rank: 29 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Payments - Currencies ▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00434 ₿ ▣ 24HVol: 41.511 ₿ ▣ 24H Chng: 4.327% ▣ 7-Days Chng: -5.00% ▣ 1-Month Chng: -11.37% ▣ 3-Months Chng: -8.46% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00423 | 0.00437 | 0.00463 ◢ Support: 0.00397 | 0.00385 | 0.00359 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.56 ▣ Last 90D: -0.31 ▣ Last 1-Y: -0.31 ▣ Last 3-Y: 0.27 ◲◰ Volatility : ▣ Last 30D: 0.54 ▣ Last 90D: 0.59 ▣ Last 1-Y: 0.76 ▣ Last 3-Y: 1.02 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.27 - V. Bearish ▣ In-depth BCHBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Bitcoin Cash (BCH) WCA - Rectangle Company: Bitcoin Cash Ticker: BCH Exchange: Binance Sector: Cryptocurrency Introduction: Hello, and thank you for reading this analysis. Today, we are examining the weekly chart of Bitcoin Cash (BCH) on the Binance exchange. Our attention is drawn to a consolidation phase that is taking the shape of a Rectangle pattern, suggesting potential reversal from the previous downtrend. Rectangle Pattern: The Rectangle pattern is a period of consolidation where price moves within a well-defined horizontal channel, bounded by clear support and resistance levels. In this case, the pattern is 10.8 months old and could act as a bullish reversal pattern, indicating a potential end to the previous downtrend. Analysis: The previous trend for BCH was clearly downward, indicated by the blue diagonal resistance line. Now, we seem to be in a consolidation phase, with the price oscillating between the upper boundary at $148 and the lower boundary at $95.4. The 50 EMA (Exponential Moving Average) suggests that we are not currently in a bullish environment. Therefore, careful observation is recommended over active trading at this stage. We cannot predict the direction or timing of a potential breakout, but we can prepare for any possible outcomes by closely monitoring the price movements. Conclusion: The weekly chart analysis of Bitcoin Cash (BCH) reveals a Rectangle pattern, which could suggest a potential bullish reversal in the future. As always, diligent monitoring and risk management are crucial when considering any investment or trading decision. Please note, this analysis does not constitute financial advice. Always conduct your own research before making any investment decisions. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best Regards, Karim Subhieh
by KarimSubhieh
Bitcoin Cash BCH price try to rise while crypto market "frozen"?Today we want to focus your attention on the global chart of the BCHUSDT trading pair. It was a "very hot summer" in August 2017: the altcoin season was in full swing, and then there was the first historical BTC fork, which resulted in bitcoin holders receiving free BCH 1:1. All of the following eight BTC forks that were realized on "the hype" with an obvious speculative purpose have long been forgotten by history. And the coins that resulted from the BTC fork are worthless and are not needed by anyone. After the fork, the BCHUSDT price soared to $4200-4400 on various exchanges. And then the success story of BCH melted away against the background of other cryptocurrencies. While BTC was able to grow 20 times in value during 2019-2021, the price of BCH could not even rise to half of the ATH rate. On November 15, 2018, the Bitcoin Cash blockchain was split (hard forked) into two branches - BCHABC and BCHSV. There was also a lot of contradictory information about one of the biggest supporters and organizers of the BCH fork, Roger Ver, although we haven't heard from him something interesting or extravagance for a long time. Now about the BCHUSD chart For almost a year, the BCH price has been moving in the range of $100-150 And we would continue to ignore this long-forgotten project, BUT: Yesterday, when the cryptocurrency market was in a narrow consolidation, the price of BCHUSDT jumped up +12% and closed the trading day with a powerful green candle. The related coin BSV gained +50% on the day. What happened in the projects that they decided to pump their price while the market is in uncertainty? Please share your thoughts in the comments. If a miracle happens on the market and the BCHUSDT price is fixed above $150, on the chart shows all the levels where it would be good to sell your BCH. Here everyone should look at their deposit, where they bought BCH, and where it is profitable for them to sell. The levels from the top for selling are $250, $340, and $550. The most positive and super unlikely forecast for Bitcoin Cash price growth is $900 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
23