May 25th Technical Analysis for Bitcoin Cash: Bitcoin Cash Fails to Reflect Community Effort 

bitcoin cash bch upgrade hard fork 32mb block size may 15 upgrade

Bitcoin Cash doesn’t have fundamental problems. The main problem facing the cryptocurrency is its failure to overcome the hurdles despite the effort of the cryptocurrency community to boost its price.

Technical Analysis for Bitcoin Cash

Before now, several Bitcoin Cash enthusiasts believed that the hard fork would move to higher levels by the end of the week. Unfortunately, this hasn’t happened and may not happen considering this week’s price action.

Sellers are pushing prices and bringing new lows as the trading seasons go by. Over the last seven days, Bitcoin Cash has been one of the top 10 losses coming third to IOTA and Cardano. Everyone is wondering when the trend will change.

SEE ALSO:   Ripple Price Analysis: XRP/USD Pair Poised For Downside Break 

The fact is that there has been a bearish sentiment in the cryptoverse over the past few weeks with reversal attempts being pushed back by the bears. However, if there are higher highs in the next few days, there might be another selling pressure wave taking the price of Bitcoin Cash to $850. If there is a long low wick during the weekend, the price might be pushed up to $1,500.

May 18 was marked with a bullish peak that broke the price below $1,100 and today, it is trending towards the $850 support level. The market is down but participants will be more optimistic if the bulls are able to bounce off the main support of $850. However, there is a divergence between market volumes and prices. While the prices are going down, the market volume is increasing.

SEE ALSO:   Bitcoin Cash Price Analysis: The CTOR Innovation Project Takes Off But the Price of Bitcoin Cash (BCH) Remains Poor 

Traders should buy when the market is showing signs of a push thrust above $1,300. If the coin is to go below the May 24th low, the coin might test $850.

The next few trading sessions and are critical to the short term progress of the coin. Traders need to be on high alert to avoid a complete loss.



Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   Cardano Price Predictions 2018 Cryptocurrency to obtain more attention this year Cardano Ada Price Today Ada Cardano News-Coin Prediction Today

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!