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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 311. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2019

As part of the Bitcoin Cash forecast, a test of level 325 is expected. Where should we expect an attempt to continue the fall of BCH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 240. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at the level of 365.

Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2019

Cancellation of the option to continue the decline in Bitcoin Cash will be the breakdown of the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing of quotations of the pair above the area of ​​375. This will indicate a change in the current trend in favor of bullish for BCH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on July 17, 2019 implies a test level of 325. Further, it is expected to continue falling to the area below the level of 240. The conservative area for selling Bitcoin Cash is located area of 365. Canceling the option of falling cryptocurrency will be a breakdown of the level of 375. In this case, we can expect continuation growth.

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Bitcoin Cash

Patterns: BTC/USD, ETH/USD

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BTC/USD 4H Chart: Targets at $8000

After the Bitcoin cryptocurrency tested a resistance cluster formed by the weekly R1 and the monthly R3 at 9178.4 on January 19, the exchange rate began to decline. The pair has declined by 9.24% in value during this period.

All things being equal, the BTC/USD pair will most likely continue to decline until it reaches a support cluster formed by the 200– period simple moving average and the monthly R1 at 7915.5.

The Bitcoin cryptocurrency will likely make an upside reversal from

the support cluster, as mentioned earlier, during next week’s trading sessions.

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ETH/USD 4H Chart: Remains near 100

During this week’s trading sessions, the Ethereum cryptocurrency has declined by 10.90% in value against the US Dollar. The exchange rate breached the 50– period simple moving average within this period.

Currently, the ETH/USD pair is trading near the support level formed by the 100– period SMA at 157.80.

If the 100– period SMA holds, bullish traders could drive the pair higher during next week’s trading sessions.

However, if the cryptocurrency breaks the support level, the next target for bears would be at the 140.00 regions.

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Charlie Lee Talks On Bitcoin Cash & The Soft Fork

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  • There have been many hard forks on the bitcoin protocol over the years.
  • The chief executive officer of one of the biggest bitcoin cash mining pools was shown quite a controversial proposal.

There have been many hard forks on the bitcoin protocol over the years. Bitcoin cash was just one of them, when it was created due to the ideological differences that were in the bitcoin community at the time. Despite this, the new bitcoin cash was able to draw in a very passionate and vocal community of followers, especially compared to other cryptocurrencies that went down the fork list over time.

However, there were a lot of troubles behind the scenes for the cryptocurrency. 

The chief executive officer of one of the biggest bitcoin cash mining pools was shown quite a controversial proposal. Jiang Zhuoer was shown a proposal that would end up being 12.5 per cent of bitcoin cash Coinbase on block awards, which could end being channelled to the Hong Kong corporation fund that would help support bitcoin cash and its infrastructure as part of the May 2020 protocol upgrade.

It is said that the ones

who aren’t going to be following such a proposal will end up having the blocks ‘orphaned’ in order to avoid a “tragedy of the commons”. Market commentators have been very divided and have had many mixed opinions on this new plan.

As per AMBcrypto:

“The five mining pools that supported this proposal are BTC.com, AntPool, ViaBTC, BTC.TOP, and Bitcoin.com. Together, these five mining pools contribute 28.47% of the total BCH hash rate, according to the latest Coin Dance stats.”

There are several miners that can be voted on for such a proposal, which is currently being supported by five pools at the time of writing. 

The man behind the Litecoin protocol, Charlie Lee has said the following:

“This mining cartel currently owns only ~28% of the BCH hashrate. They can’t enforce this coercive soft fork unless they come up with a lot more hashrate. And it would likely lead to many forks. Adding such a centralizing feature in this coercive manner sets such a bad precedent.”

He added:

“If this soft fork goes through, it will be very destabilizing…”

For more news on this and other crypto updates, keep it with CryptoDaily!

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Bitcoin Cash (BCH/USD) forecast and analysis on January 24, 2020

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 340. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on January 24, 2020

As part of the Bitcoin Cash forecast, a test of level 324 is expected. Where can we expect an attempt to continue the growth of BCH/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 400. The conservative area for buying Bitcoin Cash is located near the lower border of the Bollinger Bands indicator strip at 322.

Bitcoin Cash (BCH/USD) forecast and analysis on January 24, 2020

Cancellation of the option to continue the growth of the Bitcoin Cash rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair below the area of ​​270. This will indicate a change in the current trend in favor of the bearish for BCH/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCH/USD) forecast and analysis on January 24, 2020 implies a test level of 324. Further growth is expected to continue to the area above level 400. The conservative buying area is located near area 322. The breakdown of the growth option for cryptocurrency will be the breakdown of level 270. In this case, we should expect a further fall.

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