Bitcoin Cash price analysis: a correction or end of the rally?
Bitcoin Cash has extended its correction from the recent highs.
Faster transactions and lower costs drive adoption.
If the price jumps above $ 1100 again, the next target price could be around $ 1200.
The price of Bitcoin Cash has risen from $ 545 to $ 1200 since the beginning of April and the current price is around $ 945. The cryptocurrency market is losing some ground this week of trading, but the “bullish trend” remains very strong.
Fundamental Analysis: Faster transactions and lower fees drive Bitcoin Cash adoption
The price of Bitcoin Cash has exploded since the beginning of April and this cryptocurrency continues to trade in a buying zone. The daily volume of Bitcoin Cash (BCH) remains high, and if this positive trend continues, this cryptocurrency could be one of the best performers in the coming weeks. Cryptocurrency price predictions Portugal is popular.
Bitcoin Cash has quickly become one of the most valuable cryptocurrencies worldwide and it is also important to mention that Bitcoin Cash has a lower cost than Bitcoin. Bitcoin Cash allows more transactions to be processed due to the larger block size, and this network outperforms transactions on the Bitcoin network by a ratio of 10: 1.
Faster transactions and lower fees drive Bitcoin Cash adoption, and cryptocurrency promoter Roger Ver says BCH has a bright future.
“One of the things most people don’t realize – more transactions are already happening on the Bitcoin Cash network than on the Bitcoin network. Right now, as we record this, more people are going to transact on the Bitcoin Cash network than on Bitcoin, ”said Roger Ver.
Global adoption, unauthorized innovation and decentralized development are the main features of this network; Still, Bitcoin Cash investors should keep in mind that this is a very risky cryptocurrency.
Technical Analysis: Bitcoin Cash continues to trade in a buying zone
Bitcoin Cash has been one of the top players in the cryptocurrency market for the past few weeks, and as long as its price is above $ 800, it will remain in a buying zone. England Cryptocurrency is popular.
Bitcoin Cash (BCH) could grow even more in the ongoing bull market, and if the price jumps above USD 1100 again, the next target price could be around USD 1200 or even USD 1300. Bitcoin Cash trading volume remains high and for now there is no risk of the trend reversing.
On the downside, if the price falls below $ 800, it would be a solid sell signal, and we have the open road to a $ 700.
The price of Bitcoin Cash has exploded since the beginning of April and there is no sign of trend reversal for now. Faster transactions and lower fees drive Bitcoin Cash adoption, and cryptocurrency promoter Roger Ver says BCH has a bright future. If the price jumps above USD 1100 again, the next price target could be around USD 1200, but if the price falls below the USD 800 support level, it would be a clear sell signal.