Bitcoin Cash is ranked at #5 in the market, ahead of Litecoin. The trading volume recorded stand at roughly $1.8 billion, while the supply has 18,027,438 BCH coins involved as part of circulation. The total market cap of Bitcoin Cash amounts to $3.993 billion for now. The price grew at a rate of 2.88% in the course of the past 24-hours; this brought BCH all the way up to $221.54 where it currently rests.
This tweet put up a few days ago enunciates the condition of altcoins languishing as a result of powerful sellers stepping up their activities.
Oh its a bloodbath! EOS has lost almost 30%,, Bitcoin Cash has lost 1/4th its marketshare (25%), Bitcoin SV has lost almost 1/3rd of its total market cap (32%). Meanwhile Electroneum (ETN) is only down 10% (the new safe haven asset?) #EOS #BitcoinCash #BitcoinSV #ETN #Electroneum
— Jason Fernandes (@TokenJay) September 24, 2019
According to the candlestick chart connected to the BCH/USD pair on tradingview [based on the data obtained from Bitstamp], the digital asset is being backed by sellers but buyers are trying hard to help it consolidate. The MACD line has soared underneath the signal line since 24th September, although the gap between the two depicts a slight reduction in comparison to yesterday’s condition.
The daily RSI [for 14 periods] is at 26.09 which shows that Bitcoin Cash is being oversold. In the aftermath of 23rd, the Relative Strength Index ventured beneath the mark at 30, away from the neutral zone. Support lies near $204, and resistance can be found close to the $292 mark. The Ichimoku Cloud looks astronomically thin [the crimson color depicts the presence of bearish momentum].
Roger Ver has been a tremendous crypto-enthusiast; he was the one of the first few who chose to invest in Bitinstant, Ripple, and numerous other startups which were inspired by Bitcoin. He broke away from the Core team, as his demands of bringing in a larger block size weren’t met.