Cryptocurrency News With URL like www.forexcrunch.com

Bitcoin Cash Technical Analysis: BCH/USD still dangerously close to lower support of range-block formation - Forex Crunch
Spot rate:                  133.20 High:                         136.60 Low:                          122.47 Trend:                        Bullish Support 1:                 119.32, daily pivot point support. Support 2:                 114.01, daily pivot point support. Support 3:                 106.64, daily pivot point support. Resistance 1:            132.01, daily pivot point resistance. Resistance 2:            139.38, daily pivot point resistance. Resistance 3:            144.69, daily pivot point resistance. rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

Bitcoin Cash price analysis: Recovery stalls as bears take over - Forex Crunch
Following the slight decline in the market on Sunday, most assets are staging recovery movements, although slight ones. Bitcoin (BTC) for instance has revamped the trend towards $3,600 after sliding below $3,500. However, Bitcoin Cash (BCH) is still in the red after being unable to overcome the resistance at $135. The market, in general, is slightly in the green. The gains come after a $5 billion loss on Sunday. There has been a small recovery on Monday, although assets are still trading close to their recent lows. After Bitcoin Cash failed to sustain growth above $170, it retreated in a stable range between the higher limit at $165 and the support at $ 150. The selloff midway through last week sent the asset tail spinning below several other support areas at $140 and $130. BCH/USD traded lows around $121 before a weak bounce occurred sending it slightly above $135.

Bitcoin Cash price analysis: BCH/USD bulls take solace at $130 support - Forex Crunch
Bitcoin Cash price is still quite volatile following the hard fork split that took place in November last year. The asset is yet to find balance in a market that still heading south. Last year was called the year of correction for the cryptocurrency market. According to the expert analysis at Finder.com, Bitcoin is expected to close the month of January trading at $3,494. Other assets alike, will record losses except for Stellar and Cardano. Find the full prediction story here: Stellar (XLM) Cardano (ADA) to see highest growth in January Finder.com predictions Mid through this week, there was a sudden break that saw Bitcoin Cash corrected lower breaking below the short-term support at $160. The larger market dumped $16 billion in less than 24 hours. However, in the last 24 hours, the same market is recording slight gains of $2 billion from $121 billion to the current $123 billion.

Bitcoin Cash Technical Analysis: BCH/USD bulls need to breakdown $200 territory or remain stuck in mundane... - Forex Crunch
Spot rate:                  163.97 High:                         166.03 Low:                          159.54 Trend:                        Neutral Support 1:                  151.49, daily pivot point support. Support 2:                  139.44, daily pivot point support. Support 3:                  132.60, daily pivot point support. Resistance 1:             170.38, daily pivot point resistance. Resistance 2:             177.22, daily pivot point resistance. Resistance 3:             189.27, daily pivot point resistance. rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

Bitcoin Cash price analysis: Next support at $100 - Forex Crunch
Bitcoin is among the cryptocurrencies that are trimming most the gains accrued in last month of 2018. Contrary to the expectations that there will be an end year rally, the market has continued to deflate in the period after Christmas. Besides, $5 billion has been wiped from the market in the last 24 hours. The market capitalization now stands at $127 billion from yesterday's $127 billion. The $2.6 billion cryptocurrency has corrected lower 10.73% in the last 24 hours. It is currently exchanging at $148.78 and has a 24-hour trading volume of $360 million in the same period. The trading volume which was standing at $1.558 billion on December 20 has corrected lower considerably in the past one week.

Bitcoin Cash (BCH) is under heavy selling pressure, dropping over 7% - Forex Crunch
The Bitcoin Cash price is under heavy selling pressure on Friday, down a big chunky 7% into the second part of the session. A very notable underperformance in comparison to its peers across the board, with current losses seen. BCH/USD has been on the back foot ever since the hard-fork. Yes there is a general bear market observed, however Bitcoin Cash is suffering much greater. The firm break of the big psychological $100 mark earlier this month, has sparked further panic and dumping. Price action was ranging from 7th December, up to the 13th. Bears have managed to force a breakout of this recent narrowing range, seeing moves to the downside exacerbated. There aren't any signs at present of a slowdown from this selling pressure.

Bitcoin Cash defies gravity with 25% growth; the next stop is $200 - Forex Crunch
Bitcoin Cash (BCH) is a growth start today. The 6th largest coin by market value has gained nearly 25% since this time on Tuesday and over 12% since the beginning of Wednesday to trade at $117.78 by press time. This is the highest level since December 5 and a huge relief to the coin supporters after a collapse below $100 handle. While the upside momentum is driven by market sentiments and technical factors, BCH also enjoys some positive fundamental news. Thus, a cryptocurrency wallet CoinText.io has launched its own BCH wallet in Bangladesh. Now the citizens of the country can transact BCH using text messages. No internet connection required.

Bitcoin Cash (BCH) double digit crash troubles investors - Forex Crunch
The market is a sea of red at the moment. The declines in the market have becomes unstoppable. The bulls are running out of moves as bears increase their grip on the price. Bitcoin Cash (BCH) has been experiencing devastating spirals. Other larger assets like Bitcoin (BTC) and Ethereum (ETH) are also victims to the overwhelming selling pressure. This period in the market is referred to as the crypto winter?. It is a period where the market sees extended declines like the current status in the market. At the time of writing Bitcoin Cash is trading at $116.4 and is down 15.42% in the last 24 hours. The asset has a market capitalization of $2 million and a 24-hour trading volume of about $110 million. The majority of Bitcoin Cash Trading volume went through Upbit exchange which took up 12.58% in BCH/KRW trading pair. The daily charts show that Bitcoin Cash has corrected lower by 9%.

Bitcoin Cash Technical Analysis: BCH/USD stuck within descending wedge, but there could be surprise upside - Forex Crunch
Spot rate:                  171.47 High:                         185.19 Low:                          167.27 Trend:                        Bearish Support 1:                  170.60, daily support. Support 2:                  162.15, 26 November low. Support 3:                  145.09, 25 November low. Resistance 1:             31.78, breached trend line. Resistance 2:             34.06, neckline of double bottom.  Resistance 3:             35.94, daily pivot point resistance. rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

Bitcoin Cash Technical Analysis: BCH/USD jumps over 8%, as bulls capitalize on the technical set up
Spot rate:                  192.80 High:                         205.92 Low:                          173.07 Trend:                        Bearish/Neutral Support 1:                  170.39, 24 November low. Support 2:                  146.0, 25 November low, formation of bullish hammer. Support 3:                  100.0, psychological support. Resistance 1:             211.2, daily resistance, 23 November high. Resistance 2:             252.1, daily resistance. Resistance 3:             286.7, supply area. rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

Bitcoin Cash Technical Analysis: BCH/USD stuck within channel to the burning south
Spot rate:                  246.5 High:                         286.7 Low:                          242.1 Trend:                         Bearish Support 1:                  244.0, 23.6% Fibonacci. Support 2:                  202.4, 20th November low.  Support 3:                  200.0, psychological support.  Resistance 1:             254.2, upper part of channel. Resistance 2:             270.4, 38.2% Fibonacci. Resistance 3:             291.3, 50% Fibonacci. rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

Bitcoin ABC becomes Bitcoin Cash at CoinMarketCap
Six days have passed since Bitcoin Cash split into two competing chains; however, the market is still bewildered by the outcomes of this controversial hard fork with potentially far-reaching consequences for the whole cryptocurrency industry. As the hash rate war is coming to an end with Bitcoin ABC as an obvious winner, another conflict is about to erupt. Major cryptocurrency exchanges have started to unlock BCH accounts and relaunch trading services for new coins. So far, so good, but some trading platforms use new tickers for both coins, while the others assign BCH ticker to Bitcoin ABC, claiming that it is a true successor of Bitcoin Cash.

Bitcoin Cash Technical Analysis: BCH/USD bulls are free but must capitalize on latest breakout
Spot rate:                  531.0 High:                         543.6 Low:                          504.6 Trend:                       Bearish/Neutral Resistance 1:           545.0, resistance on 4-hour chart. Resistance 2:           569.2, 50MA & supply area. Resistance 3:           645.4, strong supply area & 7 November high. Support 1:                523.9, on top of breached channel.  Support 2:                506.5, 100MA.  Support 3:                481.7, lower support of descending channel.  rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

Bitcoin Cash price analysis: Head-and- shoulders pattern reversal looms
Bitcoin Cash was ballistic this week with significant gains that touched $640 to the upside. The bulls have found a new support catalyzed by the hard fork scheduled for November 15. Bitcoin Cash community is set to test the first Nakamoto consensus. As discussed by the WallStreetTechnologist: We are literally seeing the FIRST practical application of a mass decentralized consensus system (aka vote?) that needs no administrator, no organization, no coordination, no public debate, no polling stations, nor any face to face meetings! It is Nakamoto Consensus, as Satoshi created it. Bitcoin Cash price technical picture

Bitcoin Cash price analysis: What next after hard fork fuel rally?
The cryptocurrency community has always been excited during hard forks. A part from the network upgrade hard forks that do not lead to the formation of new tokens, other hard forks reward holders of assets with equal number of tokens they hold in the parent coin. The Bitcoin Cash community is about to experience the first hard fork where the network will split into two different chains. Bitcoin Cash staged a good upside move from the major support at $400 after declines hard formed lows of $407. The price recovered above the resistance at $440, opening the way above $500. The gains progressed past $600 but hit a snag on brushing shoulders with $640. Like many other hard forks in the past, the price has recovered tremendously as investors take their positions to receive an equal number of coins in the new token. The disagreement among Bitcoin Cash members failed to reach a consensus hence the hard fork on November 15. A couple of tokens will be created, but only one will continue to be Bitcoin Cash chain.

Bitcoin Cash Technical Analysis: BCH/USD supported by key demand zone, $500 return eyed
Spot rate:                  424.8 High:                         433.1 Low:                          409.8 Trend:                        Neutral Resistance 1:             436.4, Daily Pivot Point R1. Resistance 2:             446.4, Daily Pivot Point R2 & 27 October high. Resistance 3:             459.7, Daily Pivot Point R3 & 22 October high. Support 1:                  416.7, 30 October low. Support 2:                  413.2, 29 October low & Daily Pivot Point. Support 3:                  399.8, Daily Pivot Point/ rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

Bitcoin Cash price analysis: From one resistance range into another
The consolidation in the market is a good thing for the crypto market. The volatility is the reason why institutional investors have been watching from afar. However, the entrance of financial investment giants like Goldman Sachs and JP Morgan Chase is clear indication that the market is rewriting its history. Bitcoin Cash and other altcoins prices are greatly correlated to Bitcoin (BTC). Therefore, if Wall Street Embraces Bitcoin, the entire market benefits mutually. Bitcoin Cash retested the support at $410 on Monday this week. The sudden declines affected most digital assets leading to a drop in the market cap from $208 billion (Sunday) to $203 billion (Monday). The market cap recovered slightly during the faint recovery on Wednesday 31 and currently stands at $205 billion.

Bitcoin Cash price analysis: Another falling wedge, bullish but not enough
Bitcoin Cash, the split and ambitious cousin of the largest cryptocurrency Bitcoin, has formed a falling wedge on the short term chart which is although bullish for the crypto but it still won't be enough for the bulls to take complete control in their hands. BCH/USD is up three cents of a percent on day at $440.69 and in less than one percent range for the day. On the two hours chart, BCH has formed a falling wedge which is a bullish pattern in the immediate term, with price target upto $468. But it still won't take the crypto beyond $500 or higher to change the medium-long term trend up. rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

Bitcoin Cash (BCH/USD) Price Analysis: Potentially a new payment protocol for Bitcoin Cash ecosystem
The Bitcoin Cash price was on the back foot on Tuesday. Trading firmly in negative territory, down over 2% in the session. Price pressures inline with the current general market tone. It was reported that the developers who were behind the creation of BCH wallet Yenom, are said to be readying a different payment protocol for the ecosystem of Bitcoin Cash. A key developer at Yenom, Shun Usami, released a new protocol known as Deep Link Payment Protocol (DLPP). This is said to facilitate user to pay on a varied websites with BCH, execution of that by clicking a specific link. They are working on this to improve the current experience for users, with regards to mobile wallets. Yenom developers were said to have proposed a new wallet scheme for the global Bitcoin Cash network.

Bitcoin Cash price analysis: Bearish channel declines enter a new phase
The cryptocurrency market short-term analysis suggests that the major cryptocurrencies are staring into a bottomless pit. If spoked, however slightly, fresh losses towards this year lows will become apparent. Bloomberg's Galaxy Crypto Index shows that the market volatility has gone down significantly since the highs in September. Moreover, the Bollinger Bands indicators show the highest levels of consolidation since January. All the major cryptocurrencies including Bitcoin Cash have declined drastically since September. In the interim, Bitcoin Cash continues to languish below the trendline resistance line that started in the first week of October. There was a spike above the line at the beginning of this week, however, the crypto lost steam as fast as it had climbed above $500.  In the past few days, BCH/USD has been trading lower highs and lower lows within a bearish channel.

Titles not entered by Crypto.BI are Copyright(©) their original authors.