A deeper look at BCH

  • Bitcoin cash price is under a lot of pressure and is trading well below the $700 level against the US Dollar. There is a major bearish trend line forming with current resistance at $660 of the BCH/USD pair. According to the 15m chart, we have seen a major drop and then a rise up to 9% which is pointed to be a positive thing. People started a panic and then, on the whole, it will again surprise with a raise. The first great drop was under $600 and then in few minutes, it gained it's support level to reach around the neck of $700. The pair has to move above $660 and $700 to start afresh upward wave in the near term.

    If the market stays positive it will eventually raise up to 100%. As per the good news in crypto market Japanese IT Giant Fujitsu Launches Blockchain Center in Europe, which is promoting more of the blockchain education and getting people to be aware of this industry. Moreover, the Bank of England is beginning its Proof of Concept (PoC) to examine its potential in RTGS functionality with decentralized blockchain technology. Which is also a signal towards a positive impact of blockchain in the security of money and investments.

    On the off chance that you take a gander at the consequences of exchanges on the coin CREDITS ("CS") on the KuCoin trade, you can see that right when the market for Bitcoin and Ethereum remain on the spot, "CS" took dynamic buys, showing the green signal to all the traders to invest and buy "CS" coin. Over the past few days, the performance on KuCoin exchange showed massive buys and due to that reason, financial funds are ready to invest in CREDITS. After the pre-beta version, people holding the trust in "CS" coin and it showed that it has the potential to be the next great coin. Link

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