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Tag Archives: Bitcoin Cash

Bitcoin Cash Analysis: Bulls Struggle To Clear Key Hurdle

Bitcoin cash price started a fresh decline from the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $242 resistance zone. Bitcoin cash price is struggling below the $240 zone against the US Dollar,...

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Cboe Digital Set Sight for Bitcoin and Ether Futures Trading in 2024

Cboe Digital’s planned launch of margin Bitcoin and Ethereum futures is set to complement its existing spot crypto market, which includes trading pairs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC Cboe Global Markets’ digital asset exchange recently revealed its ambitious plans to revolutionize crypto trading by launching margin futures on Bitcoin (BTC) and Ethereum (ETH) starting January 11, 2024.  Cboe Digital to Pioneer Crypto Futures Trading This move positions Cboe Digital...

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Bitcoin Cash Analysis: Key Breakout Resistance Sits At $250

Bitcoin cash is attempting a recovery wave from the $230 zone against the US Dollar. The price is now trading below the $245 zone and the 55 simple moving average (4 hours). There is a key rising channel forming with resistance near $255 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $250 and $250 to start a steady upward movement in the near term. Bitcoin cash price is rising from $230 against the US Dollar, like Bitcoin....

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Bitcoin Cash Analysis: More Pain Ahead for The Bulls?

Bitcoin cash price started a fresh decline from the $270 zone against the US Dollar. The price is now trading below the $250 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $250 resistance zone. Bitcoin cash price is struggling below the $250 zone against the US Dollar,...

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Bitcoin Cash Analysis: Bulls Struggle To Protect This Key Support

Bitcoin cash price started a downside correction from the $270 zone against the US Dollar. The price is now trading above the $240 zone and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support at $242 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $242 and $240 support levels. Bitcoin cash price is declining from the $270 zone against the US...

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Bitcoin Price Surges amid Possibility of Bitcoin ETF Approval

To underscore the bullish sentiments, the performance of Bitcoin forks reflects the same optimism among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, has continued its steady ascent to the $30,000 mark. The digital currency climbed to $29,800 in the past 24 hours, extending its weekly gains to over 11%. Bitcoin hit a 2023 peak price of $31,809 on July 13. However, it has struggled to reclaim its $30,000 level since July 24. In August, it further...

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Bitcoin Cash Analysis: Indicators Suggest Fresh Increase To $250

Bitcoin cash is eyeing a fresh increase above the $235 resistance against the US Dollar. The price is now trading above the $220 zone and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $222 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $235 and $242 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $220 against the US Dollar,...

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EY Announces First Corporate Client for EY Blockchain Analyzer: Reconciler

The tool will use analytical dashboards to identify transaction errors, wallet address balances and digital signatures. Ernst & Young (EY) Global has announced the first corporate client for its EY Blockchain Analyzer: Reconciler. Per the announcement, Fidelity Digital Assets, a subsidiary of Fidelity Investments, became the first enterprise to use the tool after its launch in February. EY Global Blockchain Leader Paul Brody believes that a robust internal risk management process and...

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Bitcoin Cash Analysis: Bulls Protect Key Support But Upsides Limited

Bitcoin cash price started a fresh decline below the $230 zone against the US Dollar. The price is now trading below the $225 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $214 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $225 resistance zone. Bitcoin cash price is struggling below the $230 zone against the US Dollar,...

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Bitcoin Cash Analysis: Recovery Could Be Capped Near $242

Bitcoin cash price started a fresh decline below the $240 zone against the US Dollar. The price is now trading below the $235 zone and the 55 simple moving average (4 hours). There was a break below a key rising channel with support near $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $242 resistance zone. Bitcoin cash price is struggling below the $242 zone against the US Dollar,...

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