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Bitcoin Jesus uploads new video via Bitcoin.com’s official channel, showcases the slow speed linked to Bitcoin Core transactions

Bitcoin

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.

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.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.