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Bitcoin Cash [BCH] Price Analysis: Bulls look to lose out against bears as market turns


The collective cryptocurrency market has managed to sustain its bullish wave of the previous week. Bitcoin Cash [BCH] retained its sixth position on the global coin ladder after being pushed down by Litecoin [LTC] and EOS [EOS], despite being the most under-performing coin in the top-10.

Bitcoin Cash has dropped by 2.51 percent against the US dollar in the past 24-hours with the current market cap of the coin standing at $2.2 billion.

In terms of exchange dominance, BW takes the top spot, accounting for $36.16 million or 11.67 percent on the BCHABC/USDT trading pair. Second on the list is LBank with 5.77 percent or $17.88 million on the BCH/BTC trading pair.

1-hour

Source: TradingView

The one-hour Bitcoin Cash trend line shows a massive spike on 8 February, with the price rising to $127.29 from $120.13, within a day. Bitcoin Cash saw a massive uptrend during the same, extending from $115.09 to $128.92, following the mid-week uptrend from $111.53 to $117.29.

Bitcoin Cash’s…



Read Full Story : AMBCrypto

2019-02-11 15:30:15

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