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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on July 19, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 294. 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 19, 2019

As part of the Bitcoin Cash exchange rate forecast, a test of level 320 is expected. Where should we expect an attempt to continue the fall of BCH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 220. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator at level 325.

Bitcoin Cash (BCH/USD) forecast and analysis on July 19, 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 the moving average with a period of 55 and closing of quotations of the pair above the area of ​​340. This will indicate a change in the current trend in favor of the 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 19, 2019 implies a test level of 320. Further, it is expected to continue falling to the area below the level of 220. The conservative area for selling Bitcoin Cash is located area of 325. Canceling the option of falling cryptocurrency will be a breakdown of the level of 340. In this case, we can expect continuation growth.

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Bitcoin Cash

Bitcoin Cash (BCHUSD) forecast on November 18 — 24, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 263. 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 lower border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCHUSD) forecast on November 18 — 24, 2019

As part of the Bitcoin Cash forecast, a test of level 285 is expected. Where should we expect an attempt to continue the fall of BCH/USD and the further development of a downward trend. The purpose of this movement is the area near the level of 205. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at 302.

Bitcoin Cash (BCHUSD) forecast on November 18 — 24, 2019

The cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown of the area of ​​the upper 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 above the area of ​​320. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Bitcoin Cash (BCHUSD) forecast on November 18 — 24, 2019 implies a test level of 285. Further, it is expected to continue falling to the area below the level of 205. The conservative area for selling Bitcoin Cash is located area of 302. Canceling the option of falling cryptocurrency will be a breakdown of the level of 320. In this case, we can expect continuation growth.

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Bitcoin Cash (BCH/USD) forecast and analysis on November 16, 2019

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Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 272. 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 lower border of the Bollinger Bands indicator stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on November 16, 2019

As part of the Bitcoin Cash forecast, a test of level 282 is expected. Where can we expect an attempt to continue the fall of BCH/USD and the further development of a downward trend. The purpose of this movement is the area near the level of 252. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at the level of 292.

Bitcoin Cash (BCH/USD) forecast and analysis on November 16, 2019

The cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown of the area of ​​the upper 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 above the area of ​​298. This will indicate a change in the current trend in favor of the bullish for BCH/USD. In case of breakdown of the lower 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 November 16, 2019 implies a test level of 282. Further, it is expected to continue falling to the area below the level of 252. The conservative area for selling Bitcoin Cash is located area of 292. Canceling the option of falling cryptocurrency will be a breakdown of the level of 298. In this case, we can expect continuation growth.

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As Bitcoin Cash Hard Forks, Unknown Mining Pool Continues Old Chain

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A rogue chain has developed during a planned bitcoin cash hard fork, as an unknown mining pool failed to update to the new chain’s software.

The on-going chain battle, which should be resolved by bitcoin cash’s internal rules, gives an insider look into how proof-of-work (PoW) consensus mechanisms operate.

BitMEX Research@BitMEXResearch · 4hReplying to @BitMEXResearch

To analyse the split, we manually invalidated the most work chain on Bitcoin ABC 0.20.6 so that the node would consider the shorter chain on the other side of the split. Bitcoin ABC 0.20.6 marked the shorter chain as invalid

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BitMEX Research@BitMEXResearch

The Bitcoin Cash chain split continues….

The shorter original rules chain has been extended by one addiitonal blockhttps://forkmonitor.info/nodes/bch 

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2212:57 PM – Nov 15, 2019Twitter Ads info and privacySee BitMEX Research’s other Tweets

The old chain, Bitcoin ABC 0.19.0 mined by the unknown pool, considers the new chain invalid while the new chain, Bitcoin ABC 0.20.06 mined by mining pool BTC.com, considers the old chain invalid.

But under the Nakamoto consensus mechanism employed by bitcoin cash and other proof-of-work (PoW) protocols, the chain with the longest history would be considered to be the trusted ledger, invalidating the rogue chain.

Seeing old chains continue has happened before as some miners, who run software that creates the blocks forming the chain, forget to upgrade to the new software required for hard forks before the forking date.

As BitMEX Research noted in a tweet, mining the wrong chain comes at a cost.

The opportunity cost for mining the incorrect chain could reach up to 25 BCH, or about $6,600, if the unknown pool had beat other miners in securing the two correct blocks, in addition to the electricity costs associated with mining.

Source:coindesk

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