Latest Bitcoin Cash price and analysis (BCH to USD)

Bitcoin Cash has presented a notable bearish scenario as it moves into the typically low volume weekend of price action, with it languishing down around the $230 level of support.

The world’s fifth largest cryptocurrency, which famously spawned out of a Bitcoin hard fork in December 2017, has remained stable in terms of price over the past three months.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The daily 200 moving average remains a key hurdle for Bitcoin Cash in the short and medium term, with it causing four succinct rejections since the first test on April 8.” data-reactid=”14″>The daily 200 moving average remains a key hurdle for Bitcoin Cash in the short and medium term, with it causing four succinct rejections since the first test on April 8.

Until it can break above the 200MA the overall picture remains bearish with an eventual slide to the $204 level of support seeming likely over the coming months.

Much of the upcoming price action will depend on Bitcoin and whether it breaks out above $10,500 or breaks below $9,000.

A bullish break, coupled with the recent halving event, would bode well for the entire cryptocurrency market as profits typically flow from Bitcoin into more speculative bets like altcoins.

However, a break down in price would cause an adverse move in the value of altcoins, as traders need to move back into Bitcoin in order to liquidate back into fiat currency.

As noted in Coin Rivet’s daily analysis yesterday, the potential impact of a covid-19 second spike remains the largest threat to global capital markets due to its unpredictable nature.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For more news, guides and cryptocurrency analysis, click&nbsp;here.” data-reactid=”27″>For more news, guides and cryptocurrency analysis, click here.

Pricing

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents:” data-reactid=”29″>Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="US Dollar –&nbsp;BCHtoUSD” data-reactid=”30″>US Dollar – BCHtoUSD

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="British Pound Sterling –&nbsp;BCHtoGBP” data-reactid=”31″>British Pound Sterling – BCHtoGBP

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Japanese Yen –&nbsp;BCHtoJPY” data-reactid=”32″>Japanese Yen – BCHtoJPY

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Euro –&nbsp;BCHtoEUR” data-reactid=”33″>Euro – BCHtoEUR

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Australian Dollar –&nbsp;BCHtoAUD” data-reactid=”34″>Australian Dollar – BCHtoAUD

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Russian Rouble –&nbsp;BCHtoRUB” data-reactid=”35″>Russian Rouble – BCHtoRUB

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Bitcoin –&nbsp;BCHtoBTC” data-reactid=”36″>Bitcoin – BCHtoBTC

About Bitcoin Cash

Bitcoin Cash was born out of the idea of making Bitcoin more practical for small, day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid, which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017.

More Bitcoin Cash news and information

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="If you want to find out more information about Bitcoin Cash or&nbsp;cryptocurrencies&nbsp;in general, then use the search box at the top of this page. Here’s an article to get you started:” data-reactid=”40″>If you want to find out more information about Bitcoin Cash or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started:

https://coinrivet.com/roger-ver-to-launch-crypto-exchange-on-bitcoin-com/

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="You may be interested in our range of&nbsp;cryptocurrency guides&nbsp;along with the latest cryptocurrency&nbsp;news.” data-reactid=”43″>You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news.