Nov 10, · Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block are now owners of Bitcoin Cash. Dec 04, · In his prediction, he expects bitcoin will go up to $15, or maybe even $20, in In his predictions on bitcoin, they include bitcoin forks like bitcoin cash and bitcoin gold. This means that with the 50% growth he expects in , bitcoin cash too may appreciate to . Dmitry Zhulin, co-founder of INS Ecosystem says, "Bitcoin is expected to further [rise] to approximately $30,$40, in based on its convenience and further adoption as a means of payment.
Bitcoin cash 2018 predictions6 Top Bitcoin Predictions for - TheStreet
Password recovery. Recover your password. Forgot your password? Get help. Create an account. Stock Market All Snap Stock. Bitcoin Security: Safety First. How to Find the Right Car? Cryptocurrency News Today Bitcoin Cash. Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities. Get in touch. Recent Posts. Most Popular.
This BCH price chart illustrates that the current correction has been within the confines of a descending channel. A descending channel is a bearish technical price pattern that is characterized by a series of lower lows and lower highs.
If you are unaware, this is the quintessential description that describes a bearish trend. Capturing this pattern is accomplished by using two downward-sloping trend lines that were created by connecting the series of lower highs and lower lows. These trend lines act as levels of price support and price resistance. As long as the BCH price is contained within the pattern, lower prices will prevail.
I have the inclination to believe that resistance outlined by this ascending channel be will be broken, meaning that this pattern will resolve itself in a bullish manner. MACD is a simple yet effective momentum indicator used to determine whether bullish or bearish momentum is influencing the price action using the crossing of a signal line. A bearish MACD cross suggests the bearish momentum is influencing the price action and, therefore, the price has a tendency to depreciate.
The MACD indicator is currently in bearish alignment, supporting the notion of lower prices. I will be looking for a bullish MACD cross, which should coincide with a break above resistance, which will suggest that higher Bitcoin Cash prices are on the horizon. When the descending channel is resolved and a bullish MACD cross is generated, I will be looking for higher BCH prices to follow, and the following Bitcoin Cash price chart illustrates where I believe the price will go.
This BCH price chart illustrates a level of price resistance that was established by connecting a series of higher highs. This level of resistance was first established in August , and every subsequent high has found resistance at this trend line. I have reason to believe that once Bitcoin prices start rising again, this trend line will be tested.
From current levels, this level of price resistance suggests that there is potential for quite a substantial moves towards higher prices.
From a simple standpoint, the Bitcoin Cash price is rising because Bitcoin prices and the entire cryptocurrency complex is rising, but there is more to it. When we compare Bitcoin vs Bitcoin Cash, there are fundamental reasons why Bitcoin Cash has more utility than Bitcoin at this current time. On this point, there are varying forecasts and predictions, but everyone seems to agree that it is trending upwards.
In his predictions on bitcoin, they include bitcoin forks like bitcoin cash and bitcoin gold. Of course, such extrapolations are not completely reliable since cryptocurrencies are still very volatile. Nevertheless, it raises the bar for bitcoin cash above the more conservative forecast by Ronnie Moas. In fact, the day SMA seems to be holding up the price of bitcoin cash. However, what really matter are the fundamental factors, and these too are leaning positively toward bitcoin cash. This will definitely generate demand for bitcoin gold, and push its price higher in Besides, bitcoin cash has been making its own improvements to establish itself as its own cryptocurrency.
Already, a hard fork has been successful, and they have fixed an error that caused many losses when users sent BTC to BCH addresses. All signs show that bitcoin cash is about to become its own established cryptocurrency in , and that means it will grow in value. Thus, this is the perfect time to get in on bitcoin cash in preparation for the new year. Martin has been a Trader for 5 years now.