Key Points Bitcoin cash price declined sharply, but it found support near the $420 level against the US Dollar. There was a break above a major bearish trend line with resistance at $435 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may well continue to move higher once there…
Bitcoin blocks experienced up to 95 percent congestion this month, but it didn’t impact its transaction fees, which remain at around $0.1 Cryptocurrency analyst Willy Woo published a graph to demonstrate a stark comparison between BTC transaction fees in two separate congestion episodes. The first case was from 2017, the year that witnessed Bitcoin congestion…
Key Points Bitcoin cash price declined further and traded close to the $420 support level against the US Dollar. There is a new bearish trend line in place with resistance near $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to face a lot of selling interest…
Key Points Bitcoin cash price is holding the $440 support and is trading with a positive bias against the US Dollar. There is a contracting triangle in place with support at $445 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to break to the upside towards the…
Key Points Bitcoin cash price failed to recover above the $440 and $450 resistance levels against the US Dollar. There is a connecting bearish trend line in place with resistance at $444 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could decline below $420 if it continues to struggle…
Key Points Bitcoin cash price found support near the $420 level and later recovered against the US Dollar. There is a key bearish trend line formed with resistance at $470 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to face a lot of selling interest near the…
Key Points Bitcoin cash price traded higher recently and moved above the $515 resistance against the US Dollar. There was a break above a crucial bearish trend line with resistance at $512 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now placed in a positive zone and it…
Key Points Bitcoin cash price declined further and tested the $500 support against the US Dollar. There is a crucial bearish trend line in place with resistance at $530 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to face a strong selling interest near the $530 and…
Key Points Bitcoin cash price found support above the $500 level and started an upward move against the US Dollar. Yesterday’s highlighted connecting bearish trend line with resistance at $535 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to continue higher towards the $560 and…
Key Points Bitcoin cash price gained traction and moved above the $500 barrier against the US Dollar. There is a key contracting triangle in place with support near $510 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to break higher towards the $575 and $600 levels in…