Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low.
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.
‘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.27100
Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market.12960
Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum.15177
Bitcoin’s controversial hard fork now buys less BTC than ever before as one analyst warns that buyer support has disintegrated.13850
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels.17184
If the bulls can find momentum from the current bounce in Bitcoin and altcoins a short-term bottom may be in place.19901
The crypto investor may not have promoted Bitcoin Cash on Twitter after all.7799
Bitcoin and altcoins could consolidate in a tight range for a few days before making the next decisive move.27456
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.27813
If the bearish patterns on Bitcoin and altcoins complete the current correction could see prices drop to new lows.25188
With Bitcoin Cash poised to fork again in November, the BCH community is gearing up to do battle over the Bitcoin Cash brand.10460
Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels.32096
Bitcoin and altcoins are holding key support levels, suggesting bulls will try to break above overhead resistance levels soon.24650
Bitcoin and altcoins are likely to remain range-bound in the short-term as the bulls and the bears attempt to assert their dominance.34114