Hello Everyone,
Currently, the resilience of daily support for BCH/USD is noteworthy. Our primary objective is to secure a stable position above the 1D and 1M Pivot Points (PP) to validate potential further upward movement. Failure to achieve this may lead to additional testing of support levels. Presently, BCHUSD represents a buying opportunity within the 1D...
With Bitcoin's fourth mining reward halving just days away, all eyes are on the leading cryptocurrency. However, a recent price slump in Bitcoin Cash (BCH), a derivative of Bitcoin, is sending a potential warning sign to Bitcoin traders.
Understanding the Halving
Bitcoin's mining reward halving is a pre-programmed event that occurs roughly every four years. It...
Resistance at 720ish has already been hit, the sell-off is dying, RSI and Stochastic along with the linear regression channel are pointing towards a continuation upward after a pullback at the 720 resistance. A push above it would give a very healthy run up to just over $800.
Hello Everyone,
Despite prevailing circumstances, BCH/USD still presents a promising buying opportunity, supported by the alignment of key support levels. Despite oversold sentiment in the long term, BCH/USD is anticipated to continue its upward trajectory, indicating resilience despite challenges.
TradeWithTheTrend3344
Previous BCH halvening (04/08/2020) the price was $267
The upcoming halvening the supply will be cut in half again, so price will need to double compared to previous halvening in order for miner's to stay profitable.
Price target of $530ish
The BCH/USD weekly chart displays a pattern resembling a giant double bottom. If this pattern plays out, technical analysis suggests a possible price target exceeding $3200. Due to Bitcoin's historical dominance in the market, some consider Bitcoin Cash a "clone" and speculate that its price movements might echo Bitcoin's to a certain extent. This concept is...
Bitcoin Cash ( CRYPTOCAP:BCH ) experienced an increase of nearly 15% in its price after completing its second halving event on Thursday, which occurred approximately 16 days before Bitcoin's halving. As a result of this event, the miner reward has been reduced from 6.25 to 3.125 $BCH. Despite an initial drop before the event, the asset's price quickly rebounded...
You know that BINANCE:BCHUSD halving will happen on the 4th of April 2024, slashing the mining rewards by half.
I bought the rumor early enough, and I am ready to sell the news.
I will open a partial short position now, when there is a breakdown of the trendline, I will add to my position.
Warning
- Don't overuse leverage
- Manage your risk
- Manage your...
Indicators suggest CRYPTOCAP:BCH could be primed for a pullback before the next surge. After a 5-wave rally, we're touching multi-year resistance. The RSI is tipping into overbought territory, hinting at retracement potential. While weekly charts don't show bearish divergence, other timeframes do. If the retracement unfolds, I'm eyeing the $200-$150 range at the...
Recent choppy move up not characteristic of vave 3.
I think bch still in vave 2 flat, looking for 5 vave move down as a reset after
halving froth.
nfa
y axis only
40% Weekly Jump: Bitcoin Cash (BCH) has outperformed Bitcoin in weekly returns with a significant 40% increase.
$700 Breakout Aim: The uptrend is aiming for a breakout at the $700 resistance level.
Potential $1000 Target: Overcoming the $700 mark could set BCH on a path to reach $1000.
Bullish Trend Motion: Despite Bitcoin's bearish start, BCH showcases a strong...
Charting the potential future of Bitcoin Cash (BCH) with a keen eye on technical analysis! A breakout above a key descending trendline on the chart hints at a bullish surge. Could we witness a staggering 5846.42% increase, possibly up to $50K? Only time will tell.
