Bitcoin cash price is maintaining a neutral bias above $300 against the US Dollar. BCH/USD has to break the $350-370 resistance to trade past $400.
There were mainly ranging moves in Bitcoin cash price this past week above $300 against the US Dollar. The main point is the fact that the price was able to hold the $300 support very well and remained well bid. There was even an attempt to gain momentum above $400, but the mentioned level acted as a major hurdle. Actually, the 50% Fib retracement level of the last decline from the $485 high to $291 low prevented further gains.
Moreover, a crucial bearish trend line with current resistance at $365 on the 4-hours chart of BCH/USD also acted as a hurdle for buyers. At the moment, the price is again moving higher and approaching the 38.2% Fib retracement level of the last decline from the $485 high to $291 low. A break above the trend line resistance at $365 is needed for buyers to challenge the $400 level one more time. Once there is a close above the $400 level, the price would easily challenge the $500 handle.
On the downside, the $300 support holds the key for major upsides in the near term. As long as the price is above $300, it remains neutral to bullish.
Looking at the technical indicators:
4-hours MACD â The MACD for BCH/USD is about to move into the bullish zone.
4-hours RSI (Relative Strength Index) â The RSI for BTC/USD is currently above the 50 level.
Major Support Level â $300
Major Resistance Level â $365
Charts courtesy â Trading View, Kraken
Lithuania's Central Bank Probes 100 Million Euro ICO
Lithuania's central bank announced last week that it is probing a domestic initial coin offering (ICO) after determining that the token offered counts as a security.
In a Feb. 15 statement, the Lie
Record Retest? ETC Looks Poised on Double-Digit Climb
ETC, the native currency of the ethereum classic blockchain, looks set to re-test record highs, having now formed a base above $30.
As of writing, ETC is changing hands at $37.90, as per data sourc
$850 Million Raised in ICO So Far, Says Telegram
Messaging app provider Telegram says it has raised $850 million in the first part of its controversial initial coin offering (ICO), public records show.
If confirmed, the raise is by far the larges
Bottom Confirmed? Bitcoin at 20-Day High Near $11K
The bitcoin price has rallied 84 percent from recent lows, suggesting a bottom is in place, although a long-term bull revival is still not certain, according to the price charts
Over the weekend, C
Australian Watchdog Received 1,200 Crypto Scam Complaints in 2017
Australia's consumer watchdog has reportedly received over 1,200 complaints about cryptocurrency scams in 2017.
According to the ABC's current affairs program 7.30, data obtained from the Australia
Bitcoin Prices at 20-day High as Bottom Confirmed
Bitcoin price has rallied 84 percent from recent lows, suggesting a bottom is in place, although a long-term bull revival is still not certain, according to the price charts
Over the weekend, CoinD
Bitcoin broke through $11,000 for the first time since January
Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month.
Bitcoin Bonus? See What China’s Tech Giants Reward Their Employees
In China, year-end bonuses are usually rewarded to employees before Chinese Lunar New Year (Spring Festival). The long-waited annual largess from tech companies and annual showoff from their employees