您现在的位置是:Bitcoin Cash (BCH) breaks $300 following endorsement >>正文
Bitcoin Cash (BCH) breaks $300 following endorsement
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛4人已围观
简介The Bitcoin hard fork could be set for $3,000 next year if Kim’s prediction turns out to be co...
The Bitcoin hard fork could be set for $3,000 next year if Kim’s prediction turns out to be correct
The sixth-largest cryptocurrency by market cap experienced a dramatic price increase as it got endorsed by a famous entrepreneur and political influencer, Kim Dotcom. He stated that Bitcoin Cash is a great coin for processing payments, as well as that he expects its price to reach $3,000 in 2021.
Following this, Bitcoin Cash has now received a boost to its overall outlook, which is now extremely bullish. When taking a look at its week-over-week performance, BCH has posted a gain of 16.49%. This outperforms BTC’s week-over-week gains of 11.62%, as well as ETH’s gains of 0.37%. XRP ended up being in the red over the same period, posting losses of 1.97%.
At the time of writing, BCH is trading for $362, marking a 14.15% month-over-month increase.
BCH/USD
Taking a look at the weekly chart, Bitcoin Cash has formed a triangle formation which it is attempting to pass at the moment. The sixth-largest cryptocurrency by market cap pushed past $300 as a result of the aforementioned endorsement, reaching as high as $380. However, many BCH analysts are calling for a $500 price level before a slight consolidation.
If BCH manages to break the triangle formation, its most likely mid-term target will be the $720 level. However, if it decides to stay within the triangle formation, BCH is most likely to retrace back towards $300 and look for a strong support level.
BCH/USD daily price chart. Source: TradingView
The technical overview shows that Bitcoin Cash’s RSI indicator on the daily time-frame is quickly ascending towards the overbought territory. This is a good indicator of the price reaching its short-term peak, and that consolidation or a peak might be in sight.
BCH’s volume is on the increase, which is a good sign of the most recent uptick being a healthy move. However, the volume will have to stay high in order for BCH to push past the triangle formation.
BCH/USD 1-hour chart. Source: TradingView
Taking a look at the 1-hour time-frame, we can see BCH’s volume slowly fading after the initial push. The consolidation after hitting the $380 level seems like a move that will decide the short-term future.
If Bitcoin Cash finds support in the 21-period moving average and receives a spike in volume, it might continue up. However, if that doesn’t happen, we can expect it to look for support somewhere closer to $300.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/34299.html
相关文章
ThorChain (RUNE) is up over 60% for the week
Bitcoin Cash (BCH) breaks $300 following endorsementThorChain (RUNE)has been the best performing coin in the top 100 cryptocurrencies. The coin has gain...
阅读更多
Where to buy Terra before new upgrade boosts LUNA price
Bitcoin Cash (BCH) breaks $300 following endorsementGrowing demand for UST saw LUNA price hit an all-time high this month, and it could easily achieve a...
阅读更多
Why Monero is outpacing most big cap cryptos in gain
Bitcoin Cash (BCH) breaks $300 following endorsementMonero rallied by over 20% in the last 24-hours.Speculation is rife that upcoming regulations in the...
阅读更多
热门文章
- South Korea: $470B vision for world's largest chipmaking hub
- SushiSwap developer says $1BN bug threats are 'incorrect'
- Scientists achieve high
- Baidu's AI revolution: CEO announces launch of game
- China plans big tech move to rival Musk's Neuralink by 2025
- Guarda Wallet launches crypto rewards program for referrals
最新文章
Advancing robotics: AI breakthrough enables robots to understand material composition
XRP price prediction: XRP could hit $1.20
European Parliament Votes Against Bitcoin Mining Ban
Kava (KAVA) could hit $40 in the near time
Apple acquires Mira, a lightweight AR hardware startup with military contracts
This lensless AI camera uses only textual prompts to 'take' a photo