Bitcoin Cash Chart July 2018

High: $809.5 USD

Low: $781.9 USD

Major Resistance Level: $810

as per Hour MACD Placed in the Buy zone for buyers is slightly and likely to maintain it."Bitcoin Cash Chart July 2018"









Image courtesy of tradingview.com

During 24 hours, after Bitcoin Cash (BCH) had once crossed the $760 resistance level, the bitcoin cash bch had quite rapidly moved up to the $780 resistance level and crossed it. At the time of writing, as the chart shows, the BCH/USD pair is trading at $800.4. (As of 17th July 2018) The blue line (moving average) at the time of writing shows 725.22, as can be seen on the chart. There is a strong chance in a chart that Bitcoin Cash bch will continue to see an uptrend if the present situation continues. The BlackRock news also had a positive effect on the Bitcoin Cash market like on many other altcoins. This had also created a rising pressure among the buyers and moved the pair to the Buy zone. One can expect for Bitcoin Cash to strongly move upward into this region if the current uptrend continues. There is also a chance that the pair experience a slight upward and downward movement (daily range) before setting above the $800 resistance level.





The Financial Industry Regulatory Authority (FINRA) and the SEC together had given Coinbase the permission to acquire two more companies—Venovate Marketplace Inc. and Digital Wealth LLC. It was reported by Bloomberg. This may also have a positive effect on the overall cryptocurrency market and continue to keep both Bitcoin and Bitcoin Cash as well as other cryptocurrencies in the green zone.



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