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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on December 3, 2019

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 214. 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 stripes.

Bitcoin Cash (BCH/USD) forecast and analysis on December 3, 2019

As part of the Bitcoin Cash forecast, a test of level 220 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 192. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at the level of 228.

Bitcoin Cash (BCH/USD) forecast and analysis on December 3, 2019

Cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown 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 ​​240. 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 December 3, 2019 implies a test level of 220. Further, it is expected to continue falling to the area below the level of 192. The conservative area for selling Bitcoin Cash is located area of 228. Canceling the option of falling cryptocurrency will be a breakdown of the level of 240. In this case, we can expect continuation growth.

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Bitcoin Cash

Bitcoin Cash Price Analysis: BCH/USD flirting with critical ascending trend line of support

  • Bitcoin Cash price is trading in the red, with losses of 0.85% in the second half of the session.
  • BCH/USD has been testing a critical daily support range, $380-70. 
  • Given the pace of downside momentum, eyes are on a retet of the psychological $300 mark. 

BCH/USD daily chart

The price is running towards its fourth potential session in the red, as the bears maintain downside pressure. 

BCH/USD 60-minute chart

Price action is moving within a bearish flag/pennant structure via the 60-minute chart. 

Spot rate:                 404.15

Relative change:     -0.85%

High:                         417.33

Low:                          386.72

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Bitcoin Cash

Bitcoin Cash (BCH/USD) forecast and analysis on February 18, 2020

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 396. 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 February 18, 2020

As part of the Bitcoin Cash forecast, a test level of 430 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 355. The conservative area for sales of Bitcoin Cash is located near the upper border of the Bollinger Bands indicator strip at 520.

Bitcoin Cash (BCH/USD) forecast and analysis on February 18, 2020

The cancellation of the option to continue the depreciation of Bitcoin Cash will be a breakdown 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 ​​525. 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 February 18, 2020 implies a test level of 430. Further, it is expected to continue falling to the area below the level of 355. The conservative sales area is near the area of ​​520. The breakdown of the cryptocurrency fall option will be the breakdown of the level of 525. In this case, we should expect continued growth.

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ROGER VER: I DIDN’T SIGN 12.5% BITCOIN CASH (BCH) MINER TAX PROPOSAL

The Rundown

  • Roger Ver Distances Himself from Bitcoin Cash Miner Tax
  • Bitcoin ABC Proposes 5% Block Reward Tax

Bitcoin Cash (BCH) proponent Roger Ver says neither he nor Bitcoin.com endorsed the controversial 12.5% BCH miner tax. Meanwhile, Bitcoin ABC is proposing a new dev funding plan which reduces the tax rate to 5% of the block reward.

ROGER VER DISTANCES HIMSELF FROM BITCOIN CASH MINER TAX

In a YouTube video Roger Ver, Executive Chairman of Bitcoin.com declared that he did not agree to put to his name on the original Bitcoin Cash miner tax proposal from earlier in January 2020.

According to Roger Ver:

I didn’t sign this. There was definitely discussions and I thought the talks were still ongoing when all of sudden this was released with my name at the bottom. I don’t think my name was released with the intention of getting one over on everybody. I think it was just a lack of communication, lots of time zones [and] lots of different languages.

Shortly after the proposal become public, Bitcoin.com issued a statement saying the plan required greater consensus within the BCH community to have any success. As previously reported by Bitcoinist, the blog post stated that Bitcoin.com will not be supporting the plan unless a consensus emerges on the matter.

BITCOIN ABC PROPOSES 5% BLOCK REWARD TAX

Amid the controversy of the BCH miner tax, Bitcoin ABC issued a new infrastructure funding plan (IFP) over the weekend. One of the highlights of the updated plan reduced the block reward tax from 12.5% to 5%.

According to the Bitcoin ABC blog post, the new IFP proposal also differs from the initial plan in two ways — miners triggering the implementation of the block reward tax via BIP 9 and the possibility of allocating funds to several whitelisted projects at the same time.14 BTC & 30,000 Free Spins for every player, only in mBitcasino’s Crypto Love Affair! Play Now!

Roger Ver raised some concerns with the new IFP saying the 5% miner tax was still arbitrary while raising alarms over the possibility of Bitcoin and Bitcoin SV (BSV) miners abusing the system. For Ver, with Bitcoin miners controlling the bulk of the SHA256 hashing algorithm, rogue actors could use the newly proposed IFP paradigm to damage BCH’s protocol.

Apart from Ver’s concerns, BCH mining nodes that do not accept the miner tax may move their hashing potential over to the Bitcoin chain rather than risk being “orphaned.” Such a move could see Bitcoin mining difficulty experiencing a further upward adjustment.

Attempts to push through the miner tax could also cause another chain split with dissenting voices arguing that the plan creates a dichotomy that heavily favors a cabal of miners and developers who appear able to shape the destiny of the network as they see fit.

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