BITCOIN CASH TECHNICAL ANALYSIS (BCH US DOLLAR)



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Latest Bitcoin Cash Analysis


Latest Bitcoin Cash Analysis

Editors' picks

Crypto traders brace for short-term volatility with $2.4 billion options expiry on Friday

Crypto traders brace for short-term volatility with $2.4 billion options expiry on Friday

Bitcoin and Ethereum options market looks bullish on Friday, according to data from intelligence tracker Greeks.live. The firm said it has identified two Bitcoin calls that show an underlying bullish sentiment among market participants. 

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XRP recovers from week-long decline following Ripple’s response to SEC motion

XRP recovers from week-long decline following Ripple’s response to SEC motion

Ripple filed a letter to the court to support its April 22 motion to strike new expert materials. The legal clash concerns whether SEC accountant Andrea Fox's testimony should be treated as a summary or expert witness. 

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Lido adds 4% gains as protocol rolls out first step towards decentralization

Lido adds 4% gains as protocol rolls out first step towards decentralization

Lido takes the first batch of simple DVT validators to live, a step taken to decentralize the protocol. Lido leveraged technology to expand the protocol to multiple node operators, inviting both solo and community stakers. 

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Bitcoin Weekly Forecast: Should you buy BTC here? Premium

Bitcoin Weekly Forecast: Should you buy BTC here?

Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.

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Bitcoin: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin: BTC’s next breakout could propel it to $80,000

Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

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CRYPTO EDUCATION

Characteristics of Bitcoin Cash

Bitcoin Cash is a cryptocurrency that emerged on August 1, 2017 from a hard bitcoin fork. This partition was the result of the internal dispute to solve one of the main problems of the original cryptocurrency: the size of its blocks. Due to its limited capacity (only 1MB), the possibility was raised of improving its SegWit (Segregation Witness) technology to SegWit2, allowing the creation of blocks with twice the size.

There was another alternative that was responsible for the hard bifurcation, originating Bitcoin Cash and whose blocks have a size of 8MB. This causes the Bitcoin to have a transaction and verification speed in the blockchain much lower than Bitcoin Cash. However, despite some minor changes, both cryptocurrencies have very similar characteristics, such as the mining algorithm (SHA256).

Best cryptocurrency exchanges to buy Bitcoin Cash

If you want to trade Bitcoin or Ethereum, the choices are endless. Yet when you begin going down the list of market capitalization, the options narrow. Even Ripple is not present on all exchanges. So, if you are interested in trade a specific coin, an easy way to eliminate potential candidates would be to check if they offer to trade in your desired one.

If you are not sure which cryptocurrencies you want to trade, perhaps it is better starting from the most popular ones, but at an exchange that offers a relatively wide variety of coins, so you can change your mind easily before changing the exchange.

Every exchange uses a different interface and different charting tools. You obviously cannot get familiar with every option available as it would take too much time. Reviews with screenshots may become handy in getting the look and feel of the platform. If you prefer advanced trading tools, there is a good chance that a broker might have more sophisticated tools. However, if you want a clean and simple one, most exchanges will have such an option.

In addition to the ease of use, speed matters. If you are trading at a rapid clip or if you just need to have the system working properly without causing nervous breakdowns, watch out for reviews that complain about slow performance. Such exchanges could also have other issues.


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