Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend.
Bitcoin Cash News
In May 2017, Bitcoin transactions could take up to four days to complete. The only way to make a transaction quicker was to pay a transaction fee, which at the end of 2017 was around $28. The delay and the need to pay fees made Bitcoin impractical for making small purchases, which led to a new Bitcoin-based currency Bitcoin Cash (BCH).
BCH is a cryptocurrency established as a result of the hard fork that took place to manage the scalability problem. Bitcoin Cash has a number of significant differences to Bitcoin: it is advertised as being faster and cheaper to use, the maximum block size is eight megabytes against one in previous Blockchain, and it has an emergency difficulty adjustment feature. Bitcoin Cash also uses 0-conf (or zero-conf) which allows for nearly instant transactions, meaning Bitcoin Cash transactions are almost always confirmed in the next block.
The Bitcoin Cash community appears to be signaling support for the upcoming BCHN fork, with 82% of hash power supporting the implementation.9872
Tech billionaire, Tim Draper, has revealed he owns a myriad of altcoins in addition to his 30,000 BTC.27513
Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon.18307
The market has taken a bearish turn and Bitcoin and altcoins will need strong relief rallies in order to restore their uptrends.26318
Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low.19629
‘Giving away crypto does help people, but the real motivation is to spread awareness in a way that’s fun and interesting,’ the Bitcoin Man said.33557
Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market.17163
Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum.16023
Bitcoin’s controversial hard fork now buys less BTC than ever before as one analyst warns that buyer support has disintegrated.14409
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels.17465
If the bulls can find momentum from the current bounce in Bitcoin and altcoins a short-term bottom may be in place.20113
The crypto investor may not have promoted Bitcoin Cash on Twitter after all.7963
Bitcoin and altcoins could consolidate in a tight range for a few days before making the next decisive move.27670
A dead cat bounce from Bitcoin and altcoins’ critical support levels may attract further selling that could result in lower levels over the next few days.28023