Archive | BCH

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Short-term Support

Key Points Bitcoin cash price after a nice upside move found sellers near the $1,600 level against the US Dollar. There was a break below a short-term bullish trend line with support at $1,520 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently holding the $1,400 support, but it may […]

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Continue Higher?

Key Points Bitcoin cash price gained heavily this past week and moved above $1,400 against the US Dollar. There is a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may decline a few points in the short term, but it […]

Bitcoin Cash Price Technical Analysis – BCH/USD Zooms Above $1,400

Key Points Bitcoin cash price surged higher and it was able to break the $1,400 resistance against the US Dollar. There is a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently correcting lower, but it remains well supported on the […]

Bitcoin Cash Price Technical Analysis – BCH/USD’s Short-term Downside

Key Points Bitcoin cash price is still consolidating in a range above the $1,150 support level against the US Dollar. There was a break below a short-term contracting triangle with support at $1,245 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may decline toward the $1,150 support, which holds the key […]

Bitcoin Cash Price Technical Analysis – BCH/USD Consolidating above $1,150

Key Points Bitcoin cash price is trading inside a range, but it is holding the $1,150 support area against the US Dollar. There is a short-term connecting bearish trend line forming with resistance at $1,240 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair has to move above the $1,250 and $1,350 […]

New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits

A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Also read: Japan’s DMM Bitcoin Exchange Opens for […]

Bitcoin Cash Price Weekly Analysis – BCH/USD Facing Crucial Resistance

Key Points Bitcoin cash price made a nice upside move this past week and traded above $1,100 against the US Dollar. At the moment, the BCH/USD pair is attempting to settle below a major bullish trend line with support at $1,200 on the 4-hours chart (data feed from SimpleFX). The pair may correct lower in […]

Bitcoin Cash Price Technical Analysis – BCH/USD Rallies Past Key Resistance

Key Points Bitcoin cash price rallied recently and moved above the $1,000 and $1,200 resistances against the US Dollar. Yesterday’s highlighted major connecting bearish trend line with resistance at $990 was broken on the hourly chart of BCH/USD (data feed from SimpleFX). The pair traded above the $1,300 level before starting a downside correction. Bitcoin […]

Bitcoin Cash Markets Recover — While Infrastructure Support Increases

This past week bitcoin cash (BCH) markets have been suffering from the bearish sentiment plaguing cryptocurrencies across the board. On February 6 the price of BCH reached a low of $740 per coin but has since bounced back to the $950-1,050 region on Bitstamp Tuesday evening. Also Read: Australian Freeze: Big Aussie Banks Denying Bitcoiners Bitcoin […]

Bitcoin Cash Price Technical Analysis – BCH/USD Recovers Above $900

Key Points Bitcoin cash price declined as low as $748 and is currently recovering against the US Dollar. There was a break above a bearish trend line with resistance at $890 on the hourly chart of BCH/USD (data feed from SimpleFX). There is another bearish trend line on the upside with resistance at $1060 on […]

Bitcoin Cash Price Technical Analysis – BCH/USD is Back to Square One

Key Points Bitcoin cash price failed to move above the $1,300 level and started a downside move against the US Dollar. There is a crucial bearish trend line forming with resistance at $1,220 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair is currently heading towards the $1,050 support area and it […]

Coingeek Announces Funding the Electron Cash Development Team

On February 1 the cryptocurrency media outlet and blockchain company Coingeek announced it plans to fund the Electron Cash team’s development. The new Electron Cash projects will involve working on innovative plans for the bitcoin cash ecosystem and a partnership with the firm Nchain. Also read: Bitcoin Cash Supporters Prepare for the Network’s Next Six Month […]

Popular Chinese Firm Cheetah Mobile Launches Crypto-Wallet

The Chinese tech giant Cheetah Mobile has announced this week it just launched a new multi-cryptocurrency wallet that stores bitcoin core (BTC) and ethereum (ETH). The firm’s ‘Safewallet’ features a three-tiered security defense system with an intuitive interface. Also Read: Markets Update: Bears Claw Cryptocurrency Prices Down to New Lows Cheetah Mobile Introduces BTC/ETH Compatible Wallet […]