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Bitcoin Cash – The Bull Run Resumes

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Bitcoin Cash
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Bitcoin Cash has continued to defy the odds, with the market readiness for Bitcoin Cash’s hard fork on the 15thMay that pushed Bitcoin Cash into a bullish trend. BCH started its bullish trend at 6th April’s low $600.1 and, trailblazed its way through April to its current price at $1486.

Market sentiment towards Bitcoin has seen a decline since the beginning of the year, as concerns continue to linger over its adaptability in the real world, transaction speeds and fees making it a cumbersome alternative to fiat money. Last year, disagreements between Bitcoin core developers and community over the speed at which to increase its block size ultimately led to the Bitcoin hard fork and, while Bitcoin continues to struggle with its existing block size, the Bitcoin Cash community is at it again, not only looking to ramp up the block size from 8MB to 32MB, but to also introduce a number of other enhancements, including the reactivation of the blockchain’s smart contract feature that allows the network to share, archive and track and record assets that have been digitalized.

A multi-functional cryptocurrency that provides a more viable alternative to fiat money, with significantly faster transaction times and negligible fees relative to Bitcoin, and also a document and asset warehouse capability can only be a positive factor for Bitcoin Cash and its outlook.

The news of the 15th May hard fork was not new, but with increased references across the crypto news wires, speculative investors will have moved into Bitcoin Cash on hopes of receiving a free Altcoin in event that the hard fork does not garner the necessary support. However, the current fork will not create a free altcoin for Bitcoin Cash holders.

We’ve seen Bitcoin Cash ease back from its 24th April swing high $1,578.3, on the back of a combination of profit taking and a realization that a creation of an Altcoin will be unlikely.

Having rallied 111.3% in the month of April, leaving Bitcoin in the dust with its measly 35.1% gain, the recent reversal will not be of particular concern for longer-term investors who are seeing an increasing adoption of blockchain technology and the use of cryptocurrencies in the real world.

In addition, the fact that the Bitcoin Cash community having far fewer disagreements than the world of Bitcoin makes it a safer coin and a better investment.

On the Technical and the Day Ahead

Following a start of the week wobble that saw Bitcoin Cash give up 6.43%, Tuesday’s consolidation of April’s gains supported a resumption of the current bullish trend formed at 6th April’s swing low $600.1, Bitcoin Cash ending Wednesday up 7.83% at $1,461.2.

At the time of writing, Bitcoin Cash was up 1.21% to $1,478.6, with BCH holds around an important support level at $1474.

A break above the 9 days Moving Average can signal the next bullish leg towards the previous high at $1534.

We will expect Bitcoin Cash to move within the upper end of a $1,300 to $1,600 range, with a breakout from April’s swing high $1,578.3 bringing $2,000 levels into play ahead of the 15th May hard fork.

Any pullback through to $1,300 levels will see Bitcoin Cash test the day’s first major support level of $1,337, its 23.6% Fib retracement.  support at the $1,400 psychological level likely to be dictated by sentiment across the broader market.

For long-term investors, a stop loss at $1,200 low would protect from a bullish trend reversal that could see Bitcoin Cash slide through to $1,100 levels to bring sub-$1,000 and 6th April’s swing lo $600.1 into play.

This article was written by FXEmpire

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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