BITCOIN CASH TECHNICAL ANALYSIS (BCH US DOLLAR)
Technical overview
Big Picture
Themes affecting Cryptocurrencies
Latest Bitcoin Cash Analysis
Editors' picks
Bitcoin Weekly Forecast: BTC demand and liquidity conditions remain weak
Bitcoin price has been consolidating between $94,000 and $100,000 since early February. US Bitcoin spot ETF data recorded a total net outflow of $489.60 million until Thursday.
Sonic (prev. FTM) rallies as TVL hits record high and market capitalization surpasses $3.1 billion
Sonic (S), previous Fantom (FTM), rallies over 20% in the last 24 hours and trades around $0.90 at the time of writing on Friday after rising almost 64% this week. The migration of FTM to S token at a 1:1 ratio was completed on January 17.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gears up for volatility while ETH and XRP fight to stay afloat
Bitcoin price has been consolidating between $94,000 and $100,000 since early February; this consolidation phase could soon end. Ethereum price shows signs of strength while Ripple price fights to stay afloat.
Crypto Today: BTC tops $98K on US-Russia diplomacy, while NEAR and Bittensor lead AI tokens’ $30B rally
The global crypto market rose 3% on Thursday, adding $45 billion to reach an aggregate market cap of $3.2 trillion. The crypto AI sector witnessed a 15% rally, with Bittensor (TAO) and NEAR emerging as top performers on the day.
Bitcoin: BTC demand and liquidity conditions remain weak
Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday.
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XRP
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Characteristics of Bitcoin Cash
Bitcoin Cash is a cryptocurrency that emerged on August 1, 2017 from a hard bitcoin fork. This partition was the result of the internal dispute to solve one of the main problems of the original cryptocurrency: the size of its blocks. Due to its limited capacity (only 1MB), the possibility was raised of improving its SegWit (Segregation Witness) technology to SegWit2, allowing the creation of blocks with twice the size.
There was another alternative that was responsible for the hard bifurcation, originating Bitcoin Cash and whose blocks have a size of 8MB. This causes the Bitcoin to have a transaction and verification speed in the blockchain much lower than Bitcoin Cash. However, despite some minor changes, both cryptocurrencies have very similar characteristics, such as the mining algorithm (SHA256).
Best cryptocurrency exchanges to buy Bitcoin Cash
If you want to trade Bitcoin or Ethereum, the choices are endless. Yet when you begin going down the list of market capitalization, the options narrow. Even Ripple is not present on all exchanges. So, if you are interested in trade a specific coin, an easy way to eliminate potential candidates would be to check if they offer to trade in your desired one.
If you are not sure which cryptocurrencies you want to trade, perhaps it is better starting from the most popular ones, but at an exchange that offers a relatively wide variety of coins, so you can change your mind easily before changing the exchange.
Every exchange uses a different interface and different charting tools. You obviously cannot get familiar with every option available as it would take too much time. Reviews with screenshots may become handy in getting the look and feel of the platform. If you prefer advanced trading tools, there is a good chance that a broker might have more sophisticated tools. However, if you want a clean and simple one, most exchanges will have such an option.
In addition to the ease of use, speed matters. If you are trading at a rapid clip or if you just need to have the system working properly without causing nervous breakdowns, watch out for reviews that complain about slow performance. Such exchanges could also have other issues.