{"id":1312,"date":"2022-10-06T22:21:51","date_gmt":"2022-10-06T22:21:51","guid":{"rendered":"https:\/\/cryptoteambuild.com\/blog\/bitcoin-cash-maintains-choppy-movement-are-buyers-relentless\/"},"modified":"2022-10-06T22:21:51","modified_gmt":"2022-10-06T22:21:51","slug":"bitcoin-cash-maintains-choppy-movement-are-buyers-relentless","status":"publish","type":"post","link":"https:\/\/cryptoteambuild.com\/blog\/bitcoin-cash-maintains-choppy-movement-are-buyers-relentless\/","title":{"rendered":"Bitcoin Cash maintains choppy movement. Are buyers relentless?"},"content":{"rendered":"<p>Bitcoin <\/p>\n<div>\n<div>\n<picture><source media=\"(min-width: 750px)\" type=\"image\/webp\"><\/source><source type=\"image\/webp\"><\/source><source media=\"(min-width: 750px)\" type=\"image\/jpeg\"><\/source><source type=\"image\/jpeg\"><\/source><br \/>\n    <img alt=\"bitcoin \" data-src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/02\/1641222974502-e2c5e7ed-df3f-4dab-accf-ff89d6a41d5c.jpg\" height=\"100%\" loading=\"lazy\" width=\"100%\">\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Bitcoin Cash has held close to $110 for three months now<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The cryptocurrency&rsquo;s price movement has reflected that of Bitcoin<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">BCH has formed multiple bottoms, suggesting a possible price reversal at $110<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Bitcoin Cash&nbsp;<a href=\"https:\/\/coinjournal.net\/bitcoin-cash\/price\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>BCH\/USD<\/u><\/a> bulls have been sending a clear message. That they want to keep the $110 level intact. Even when the markets are under pressure, BCH has always held to the level since June.&nbsp;<\/p>\n<p dir=\"ltr\">Well, the price dynamics of Bitcoin Cash resemble those of the parent blockchain,&nbsp;<a href=\"https:\/\/coinjournal.net\/bitcoin\/price\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Bitcoin<\/u><\/a>. The latter has been the king of crypto. Thus, it is expected that Bitcoin will steal all the headlines in very bullish markets. However, investors look at Bitcoin Cash as a cheaper alternative to Bitcoin. It&rsquo;s not the cheapest cryptocurrency, nonetheless, as it trades at a relatively premium $122 price. Still, the price is a penny compared to the beaten-down price of $20,200 for Bitcoin.<\/p>\n<p dir=\"ltr\">Turning to the price action, Bitcoin buyers have always defended $19,000. Clear multiple bottoms at the level suggest it could be the most plausible psychological bottom for the cryptocurrency. BCH has moved similarly, which we think would welcome a bullish recovery.<\/p>\n<h2 dir=\"ltr\"><strong>BCH forms multiple bottoms at $110. What does it mean?<\/strong><\/h2>\n<h3>\n    eToro<\/h3>\n<p>eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto\/fiat and crypto\/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.<\/p>\n<p>\n    <a href=\"http:\/\/coinjournal.net\/visit\/etoro-crypto?guid=NzcxMDg&amp;component=simple-table&amp;language=en&amp;country=US&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BCH with eToro today            <\/a><\/p>\n<h3>\n    Bitstamp<\/h3>\n<p>Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.<\/p>\n<p>Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.<\/p>\n<p>\n    <a href=\"http:\/\/coinjournal.net\/visit\/bitstamp-crypto?guid=NzcxMDg&amp;component=simple-table&amp;language=en&amp;country=US&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BCH with Bitstamp today            <\/a>\n    <\/p>\n<p dir=\"ltr\"><img decoding=\"async\" loading=\"lazy\" height=\"310\" src=\"https:\/\/media.igms.io\/2022\/09\/06\/1665092162548-34969667-f8d9-437e-a9cb-bd5ec1489a75.png\" width=\"600\">Source &ndash; TradingView<\/p>\n<p dir=\"ltr\">From the technical outlook, BCH has formed multiple bottoms at the $110 level. Multiple bottoms are not trend or price direction indicators by themselves. Instead, they show a fight for control between sellers and buyers.&nbsp;<\/p>\n<p dir=\"ltr\">Multiple bottoms that occur after a prolonged downturn could be a significant suggestion of a trend change. In other words, it signifies that buyers are beginning to get in, which erodes the selling pressure.&nbsp;<\/p>\n<h3 dir=\"ltr\"><strong>What next for BCH<\/strong><\/h3>\n<p dir=\"ltr\">The above chart shows buyers trying to control BCH at the $110 level. To a patient investor, that would be a perfect entry point before momentum kicks in.<\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-cash-maintains-choppy-movement-are-buyers-relentless\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Bitcoin Cash has held close to $110 for three months now The cryptocurrency&rsquo;s price movement has reflected that of Bitcoin BCH has formed multiple bottoms, suggesting a possible price reversal at $110 Bitcoin Cash&nbsp;BCH\/USD bulls have been sending a clear message. That they want to keep the $110 level intact. Even when the markets are under pressure, BCH has always held to the level since June.&nbsp; Well, the price dynamics of Bitcoin Cash resemble those of the parent blockchain,&nbsp;Bitcoin. The latter has been the king of crypto. Thus, it is expected that Bitcoin will steal all the headlines in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[18,322],"_links":{"self":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/1312"}],"collection":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/comments?post=1312"}],"version-history":[{"count":0,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/1312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media\/1313"}],"wp:attachment":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media?parent=1312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/categories?post=1312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/tags?post=1312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}