Technical Analysis of Bitcoin Cash

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Avatar for harry20
2 years ago

We all know that Bitcoin Cash is a good and popular currency. This is a hard fork of Bitcoin. It is primarily designed to eliminate the complexities of Bitcoin. And it is now converted into many popular and ranked coins. We can see that Bitcoin Cash is at number 19 in Coingecko list. The total supply of Bitcoin Cash is 21 million.

It costs very little to transact with these coins. It costs very little to transact with this coin, and much more if you transact with bitcoin. The size of the bitcoin cash block is large, so you can make many transactions Bitcoin Cash has a record high of $3785 and a low of $76. However, the current price is not so bullish. But now the crypto market is bullish, so the price of bitcoin cash has started to go up.

Many crypto experts have researched and predicted bitcoin cash. But their predictions will come true one day. But my prediction is that Bitcoin Cash $2K will touch the dollar by the end of this year. So everyone will hold.

Technical Analysis:

If we look at the market of Bitcoin Cash from the beginning, we can see that Bitcoin Cash pumped a lot in the beginning and then started pumping, but pumped again in the middle. Then the price goes down for a long time. But it pumped again earlier this year, but since then it has started pumping again. But this time the market is going up. In my opinion, the price line of Bitcoin Cash will continue to rise.

One year price difference:

If we look at the price wave in 2021, we can see that the price went up in May and since then the dump started but that dump continued. But now the price waves will continue to rise. So we have to hold bitcoin cash. This time, the price wave can set a new record.

90 Day Wave:

If we look at the 90-day price wave, we can see that Bitcoin Cash rose to $787, but then only started to go down. But this month Bitcoin cash has started to rise, and this time the wave seems to be going up a lot. And Bitcoin Cash's acceptance has increased, which is why it is expected to rise to a better price.

7-day wave:

If we look at the seven-day price wave, we can see that Bitcoin Cash has gone up a lot from the price of $600, and now it is priced at $707. The waves will now only rise to the top, with many companies launching payment systems with bitcoin cash, which has led to an increase in its use. And the crypto market is up now. So it can be said that the price of Bitcoin Cash will increase further.

1 day wave:

If we look at the price difference of 1 day, we can understand that it has touched $620 today from $709. Today it has gone up to 90 dollars in one day. Day by day, the price waves will rise higher. Since Bitcoin's market is up, so will all Altcoin's market up. And according to the wave, the price of Bitcoin Cash will go down a little today and will go up again tomorrow.

The crypto market relies heavily on Bitcoin, so Bitcoin is now in a lot of bull trends. So all altcoins will be in bull trend now. The use of Bitcoin has increased, so everyone is holding and everyone is buying coins. As a result, the wave of bitcoin cash is going upwards, In my opinion Bitcoin Cash $2K will touch the dollar. So everyone holds bitcoin cash. As a result, we can all benefit. Currently, the bull run is running in the crypto market. And by the end of this month, Bitcoin Cash will reach $1,000. But this time, in my experience, Bitcoin Cash will touch $2,000. So everyone holds and read all the news of Bitcoin Cash.

Christmas is coming up, and this Christmas could be Bitcoin cash's bull run. So wait for Christmas day and keep watching the price of Bitcoin cash.

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$ 0.01 from @nomadghada
Avatar for harry20
2 years ago

Comments

The curve looks smooth to me till now. There's a chance to crash but not too soon, I believe. Let's see how up it can go.

$ 0.00
2 years ago

Will crash but wait for the bull run, its price will go up a lot.

$ 0.00
2 years ago