Bitcoin cash price started a downside correction from the $225 zone against the US Dollar. The price is now trading below the $215 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $212 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 $204 and $198 support levels. Bitcoin cash price is declining from the $225 zone against the US...
Read More »Mt. Gox Trustee Extends Repayment Deadline to October 2024
The trustee cited the need for additional time to facilitate the rehabilitation process. Defunct cryptocurrency exchange Mt. Gox has yet again postponed its repayment deadline by one year. This significant development was confirmed in a letter shared by Nobuaki Kobayashi, the trustee responsible for overseeing the rehabilitation of the exchange. Initially slated for October 31, 2023, the repayment deadline has been shifted to October 31, 2024, following approval from the Tokyo District...
Read More »Bitcoin Cash Analysis: Rally Gains Pace Above $210
Bitcoin cash started a strong increase above the $200 and $210 levels against the US Dollar. The price is now trading above the $210 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $190 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $225 and $232 to continue higher in the near term. Bitcoin cash price is climbing above $210 against the US Dollar, like...
Read More »Bitcoin Cash Analysis: Key Breakout Resistance Sits At $200
Bitcoin cash is attempting a recovery wave from the $188 zone against the US Dollar. The price is now trading below the $200 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $192 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $200 and $210 to start a steady upward movement in the near term. Bitcoin cash price is rising from $188 against the US Dollar,...
Read More »Bitcoin Cash Analysis: Bulls Struggle Near $230
Bitcoin cash price started a downside correction from the $230 zone against the US Dollar. The price is now trading above the $195 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $208 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 $200 and $195 support levels. Bitcoin cash price is declining from the $230 zone against the...
Read More »Bitcoin Cash Analysis: Recovery Could Be Capped Near $210
Bitcoin cash price started a fresh decline below the $200 zone against the US Dollar. The price is now trading near the $192 zone and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $210 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 $210 resistance zone. Bitcoin cash price is struggling below the $210 zone against the US Dollar,...
Read More »Bitcoin Cash Analysis: Nosedives, Bears Aim $150
Bitcoin cash price started a fresh decline below the $220 zone against the US Dollar. The price is now trading below the $200 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $220 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $200 resistance zone. Bitcoin cash price is declining below the $200 zone against the US Dollar,...
Read More »Bitcoin Cash Analysis: Bears In Charge Below $250
Bitcoin cash price started a fresh decline below 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 bearish trend line forming with resistance near $234 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $242 resistance zone. Bitcoin cash price is declining below the $242 zone against the US Dollar,...
Read More »Bitcoin Cash Analysis: Risk of Downside Thrust Below $230
Bitcoin cash price started a fresh decline below the $255 zone against the US Dollar. The price is now trading below the $250 zone and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $248 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $254 resistance zone. Bitcoin cash price is declining below the $250 zone against the US...
Read More »Bitcoin Cash Analysis: Bears In Action Below $250
Bitcoin cash price started a fresh decline below the $265 zone against the US Dollar. The price is now trading below the $255 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $250 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $265 resistance zone. Bitcoin cash price is declining below the $255 zone against the US Dollar,...
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