Bitcoin Cash Price Analysis: Federal Reserve Places Bitcoin Cash (BCH) at $1,800

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

In the past twenty-four hours, Bitcoin Cash (BCH) has been scaling up the bullish ladder. It has increased by 2% and chances are the value of the coin will continue to surge in the coming days. Bitcoin Cash is not listed on De Vere and their users can now purchase or sell the digital currency as they wish. All that is required of them is to download the deVere mobile application and that’s all.

The Emergence of Bitcoin Cash

The beginning of the present Bitcoin Cash squabbles can be traced back to August last year and the New York Agreement. Then, it was a few months prior to crypto-mania that saw some of the major digital currencies such as Bitcoin exploding to their ATHs.

SEE ALSO:   Ripple Price Analysis: Ripple (XRP) Price Charts Indicate Positive Signs In Recent Price Analysis 

At that time, the network was congested and afterward, transaction fees skyrocketed. To avoid such occurrence, one of the agreements detailed a solution of reducing the transaction fees of BTC network. SegWit was a success but SegWit2X failed, shortly after the failure, Bitcoin Cash emerged.

Technical Analysis of Bitcoin Cash Price

Understandably, the decline in the value of BCH and the market cap can be linked to the poor performance of the digital currency market in May. It isn’t an individual digital currency performance per say neither can a technical glitch of user case be pointed out satisfactorily by critics.

SEE ALSO:   Ripple Price Analysis: Ripple Trading in The Low and May Break April's Lows in Recent Price Analysis 

The bears of Bitcoin Cash (BCH) has increased by 60% from April highs of about $1,800. This is quite encouraging and it indicates typical retracements following the periods of higher highs that were seen in April.

The Daily Chart of Bitcoin Cash (BCH)

To determine the most profitable price action direction, references can be made to the double bar bullish reversal pattern on the 28th and 29th of May. Nevertheless, after the bullish candlestick yesterday, BCH buyers can look for under-valuations in lower time frame charts and move along with the trends. The ideal purchase target lies at $1800 and stops at $900.


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 Latest Price Analysis: ADA Turned Bearish Against the US Dollar – Cardano Technical Analysis June 15, 2018

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!