Bitcoin Cash Price Momentum is Still Strong

Bitcoin Cash Price Momentum is Still Strong

The coming days will be bearish for the cryptocurrency markets. Although the Bitcoin price is still in the green position, a lot of altcoins are feeling the pressure. The Bitcoin Cash (bch) price is one of the few exceptions for Crypto market, as it maintains its position over $800 with relative ease. There is still chance for buyers a long way to go prior to establishing an effective long-term uptrend."Bitcoin Cash Price Momentum is Still Strong"

A lot of other Cryptocoins have dipped in the red over the last 24 hours. Although there is no real reason to panic just yet in the digital currency, it has become apparent there will be a few bearish hours ahead. For the Bitcoin Cash price, things are still looking pretty good at this position. There is still some positive momentum in Bitcoin cash, and the value remains above $800 without too many problems.

The 2.08% Bitcoin Cash price increased over the past 24 hours against USD is not necessarily spectacular. It is still better than what most other top cryptocurrencies can bring to the table at this position. Developments like these are to be expected in the cryptocurrency world, as there is never any real price stability to speak of. For the Bitcoin Cash price, it is sufficient to keep the momentum going a while long-term.

but One thing to keep in mind is how there is a small loss in the BCH/BTC market. Given Bitcoin’s current dominant growing trend, it is not entirely surprising to see altcoins lose ground compared to the world’s leading cryptocurrency. BCH/BTC ratio losses often offset the net gains in USD for altcoins, but Bitcoin Cash (bch) proves to be an interesting exception in the crypto market.

With $613.3 million market cap in 24-hours trading volume, there certainly is a demand to buy and sell bitcoin cash BCH. The overall cryptocurrency market momentum has also risen to over $14.2bn again, thus it is only normal for all other to markets see a slight influx of volume in the process. For BCH, the current volume looks promising, as it should effectively keep the momentum going for some time to come.'Bitcoin Cash Price Momentum is Still Strong'

The majority crypto traders of this trading volume originate from the OKEx trading platform. Its USDT pair is ahead of Huobi’s USDT market and RightBTC’s BTC pair. Further down the list, there is Binance’s USDT pair and HitBTC’s BTC market. A solid collection of different trading exchanges, albeit the lack of fiat currency payment support, may have a negative impact on the Bitcoin Cash price moving forward.

It is evident all altcoins will benefit from Bitcoin’s current spell of positive momentum. However, they will need to regain some losses to Bitcoin directly or risk negating any uptrend altogether. It is a very peculiar situation in the cryptocurrency world hasn’t seen for a while. Even so, the overall bitcoin cash bch momentum remains promising, which is all people really care about for in this day and age.

Bitcoin Cash Chart July 2018

Bitcoin Cash (BCH) Long-term Price Prediction

The Future of Cardano ADA Price