1. SipPop GamesHome
  2. Metaverse Matters

What is the situation of the BCH crash (BCH market analysis)

• Metaverse Matters • 98 views

What is the situation of the BCH crash (BCH market analysis)

What is the situation of the bch crash? In the past few hours, Bitcoin’s block rewards have decreased from 12.5BCH to 6.25BCH. According to Bitcoincash. org, on June 17, 2019, the number of transactions on the Bitcoin blockchain exceeded 100 million (approximately 100000 at current prices). Due to network congestion, reduced computing power, failure of miners to block out, and soaring transaction fees, the entire Bitcoin blockchain has experienced a huge explosion. The reason for this occurrence is that some investors believe that as the coin price rises, Bitcoin will face a greater decline. (Sina Finance)

BCH Market Analysis

According to the Huo Coin market, BCH began to decline around 3am today (GMT+8), with the lowest point falling to 9128USDT. According to the daily chart, a positive K pattern was received yesterday, and the price formed a high dead cross at the 1-hour level, followed by a slight rebound; The 5-day moving average crosses the 10 day moving average and shows a downward trend; On the 4-hour chart, it can be seen that the current price is running in the middle and lower rail regions, and the MACD index shows signs of divergence above the 0 axis with double-line bonding remaining flat, but the energy column on the short side is gradually shrinking. The trend of the one hour chart is still relatively strong. At present, the opening of the Bollinger Bands is expanding upward. In the short term, focus on the support of the $9000-10000 threshold and whether it can break through this key position. As of 18:30, the specific performance of mainstream currencies is as follows:

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/21626.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/03/2023 16:30
Next 08/03/2023 16:52

Related recommendations