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Sellers battle for control over Bitcoin Cash {BCH}, Former CEO of Bitcoin.com heaps praise on Ethereum {ETH} developers

Bitcoin

According to the candlestick chart linked to the BCH/USD pair on tradingview [based on data obtained from the Bitstamp Exchange], bears are stepping up their activities in order to bring down to the price of BCH towards $230. In the aftermath of 29th September, the peaks tied to the Awesome Oscillator have all borne the green shade, signifying the existence and gradual rise of bullish pressure.

From 7th October onwards, the MACD line began rising above the signal line, causing the histogram to go green. The Ichimoku Cloud [albeit still crimson] has thinned down and is now negligible. Resistance may be felt adjacent to the $292.95 level, and support lies close to the $204.11 mark. The daily RSI [for 14 periods] is almost at 43, pointing to BCH lingering deep within the neutral zone, although big losses may bring the digital asset back into oversold territory once again.

More than 200 Venezuelan cab drivers are now aware of the numerous benefits associated with accepting Bitcoin Cash as a mode of payment. This was brought about as a result of Oscar Salas’ sincere efforts. Salas is a Bitcoin Cash evangelist. You can choose to take a look at this informative video:

Bitcoin Cash is ranked at #4 in the market to the north of Tether and Litecoin. The price grew at a rate of 1.70% in the course of the past 24-hours; this led to BCH soaring all the way up to $236.99 where it currently holds. The trading volume recorded stands at roughly $1.526 billion, while the supply has 18,048,925 BCH coins in play as of this instant. The total market cap of Bitcoin Cash amounts to $4.277 billion for now.

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.