The Bitcoin Cash Casinos Are Still Strong Even After Failing Of Bull Move! $BCH.X is recording somewhat low in the past 48 hours. The BCH is trading nearly a half the price the coin is selling in December. According to OnChainFX , BCH is number five in market capitalization. The digital currency has come down by 45 percent. On December 20, 2017, BCH is at its highest. The coin trades at $2, 330.
The heat that is on most cryptocurrencies is also on the bitcoin cash. As a result, the coin is now selling at $2, 372. This figure is nearly a half of what it was last year.
Why Are Bitcoin Cash Casinos Still Very Strong?
The BCH is witnessing what the rest of the coins are seeing. At some point, the coins are at their highest. But in the next minute, they are at their all-time lowest. Price fluctuation is the norm with digital currency trade. For this reason, last Wednesday, the coin drops. It comes down to the figure in that is in the paragraph above. But for those dealing with BCH, the fall is nothing big. Why will someone say so? After a week, on Thursday, the price rises again. This time the price rises by almost $500.
BCH Holds Steady While BTC Drops
Again, there is a slight jump on Saturday. The two days after Thursday sees the BTC price rise by the smallest percentage. By Saturday, the coin is trading at $2, 884. But it doesn’t stay at this high for long. After a few hours, the coin comes down to $2, 800. The fluctuation we’re witnessing is what experts call ‘fakeout’. They use this term to refer to when prices fail to rally. This normally happens due to a bullish breakout. There is also the issue of actual drop. See what GDAX Tweeted.
— GDAX (@GDAX) January 17, 2018
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Is It Really A Fakeout?
But the end of the fakeout is usually right. Experts say that in the end, the fakeout turns the tide to be a good thing. Most noteworthy, this only happens in favor of the bears. Investors are raising a course of concern. But as things show on the ground, there is no reason to panic. While the price is down by 45 percent, it is also growing fast.
The 50 Day Moving Average
According to the actual market, prices are now in the sideways. Above all, this affects especially on the neutralizing the outlook. But in most cases, it is not easy for many to see this. For this reason, experts are saying that there is no reason to panic. They now believe that the 50-day moving average is nothing but a slop that is aiming upwards. This move may then result in the upsurge of the prices.
What Will The Future Be For Bitcoin Cash Casinos?
There are a few calculations that show how the coin will perform. Looking intently at the figures, you will agree that indeed the future is bright. For instance, a downside break will be an indication of below $2, 300. Above all, this will be a sell-off from when the coin is at its highest of $4, 104. Chances are then that prices will rise again. Also, this will have a trend line support that will even hit $1, 880. Therefore, no matter what you see now, chances are the Bitcoin Cash is heading where it once is.
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