BREAKING: Bitcoin Cash Technical Analysis: BCH remained stable after blockchain split

16 Nov 2020, 17:17 · Views 434

Bitcoin Cash protocol underwent another hard fork that saw the blockchain split into two: Bitcoin Cash ABD (BCH ABC) and Bitcoin Cash Node (BCHN).

AntPool mined the genesis block that started the spit.

At the moment, Bitcoin Cash Node has received enough hash power support, becoming the dominant chain.

According to CoinMarketCap, most users are unlikely to be affected by the split but asked them to be on the lookout for instructions.

Following the hard fork, Bitcoin cash retreated below the simple moving averages, including 100-day SMA, 200-day SMA and 50-day SMA. The digital asset revisited the buyer congestion at $240 but recovered immediately to towards $250.

At the time of writing, BCH changes at $246, while bulls fight to break above the confluence formed by the 50 SMA and 200 SMA. BCH/USD must close the day above this crucial level to sustain the recovery.

BREAKING: Bitcoin Cash Technical Analysis: BCH remained stable after blockchain split

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Bitcoin slumps 7% in what could be worst fall in more than two months

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