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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoincash",<br>"author":"cryptoreviews",<br>"permlink":"the-price-of-bitcoin-cash-approached-usd-1000-like-a-rocket-towards-moon-price-prediction-and-analysis-for-next-24-hrs",<br>"title":"The price of Bitcoin Cash approached $ 1000 like a rocket towards Moon - Price Prediction & Analysis for next 24 hrs",<br>"body":"<html>\n<p>Bitcoin cash price reached to higher and moved to a new all-time high at $945 in contrast of US Dollar. There is a short-term connecting bullish trend line which shows the upward trend from $ 794 to $813. There is huge probability the bitcoin cash price will remain uptrend next 24-hours and stay in a bracket between $900 to $1000. It might be moved up over $1000 in case of increasing in number of mining and also trading on many exchanges.<\/p>\n<p><img src=\"http:\/\/i.imgur.com\/wnaoYiO.jpg\" width=\"1055\" height=\"549\"\/><\/p>\n<p><em>Image Credit: Cryptocompare<\/em><\/p>\n<p>In recent couple of days the stable of BCH amazing moved above $800. There is an huge impact over bitcoin due to rapidly move up of Bitcoin cash. The highest level trading of BCH was $946,<br> now its on beginning little downside correction,<br> but remain above $810 against the US Dollar.<\/p>\n<p>However,<br> the downside move found support near $700. It was a previous swing high and currently prevented declines below $700. Furthermore,<br> the 38.2% Fib retracement level of the last wave from the $280 low to $946 high also protected further declines. The price is currently trading above $700 and holding ground. There is a short-term connecting bullish trend line forming with support at $740 on the 4-hours chart of BCH\/USD. As long as the pair is above the trend line support at $740,<br> there are chances of it moving back towards $940.<\/p>\n<p><img src=\"http:\/\/i.imgur.com\/iezUiks.jpg\" width=\"1124\" height=\"594\"\/><\/p>\n<p><em>Image Credit: Coinmarketcap<\/em><\/p>\n<p>At the time of the release of the article,<br> the crypto currency,<br> which is controlled by an alternative version of the bitcoin protocol,<br> reached a maximum of more than $ 940 during today's session,<br> which is more than 70% higher than its price of $ 543 just 24 hours ago . <\/p>\n<p>Growth occurs at a time when the volume of global crypto-exchanges has more than tripled against the background of strong trade by South Korean exchanges. Coinmarketcap data shows that the 24-hour Bitcoin Cash volume was $ 3 billion on Friday,<br> compared with 744 million on Thursday and only $ 106 million on Wednesday. <\/p>\n<p>Nevertheless,<br> the increase in the volume of trading creates its own market in the face of the key problems that have arisen since the hard fork bitcoin occurred on August 1. <\/p>\n<p>Bitcoin Cash (BCH) differs from bitcom (BTC) in that it supports a block size of 8 MB,<br> but it does not have the flexibility of transactions due to the integration of Segregated Witness,<br> and the more pronounced differences in their networks.<\/p>\n<p>While it remains to be seen whether Bitcoin Cash will be able to attract the broad support of crypto-exchanges and miners for the development of its own economy,<br> today's evidence suggests that this can be done much faster than we imagine. There are lot of predicted possibility of it trading towards the $1000 level. <\/p>\n<\/html>",<br>"json_metadata":" \"tags\":[\"bitcoincash\",<br>\"cryptocurrency\",<br>\"blockchain\",<br>\"analysis\",<br>\"news\" ,<br>\"image\":[\"http:\/\/i.imgur.com\/wnaoYiO.jpg\",<br>\"http:\/\/i.imgur.com\/iezUiks.jpg\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"html\" " |
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