The price of a Bitcoin, Cash by Friday, may 18, stopped the decline and secured about $1205. Cryptocurrency couldn’t go to $1350 and dramatically “fell” against the U.S. dollar, which is well seen on the daily chart, according to Dmitry Gurkovsky, senior analyst at RoboForex.

Later Bitcoin Cash had overcome the trend line at $1250, which separates the bulls from the bears. To date, the cryptocurrency has corrected more than enough, but it is clear that on a recovery path, the price may face problems in the breakdown of the range of$1240-1250.

In recent times it has intensified the struggle between the sellers and those few buyers who are still trying to redeem the sale. However, fortune is not on the side of buyers: after Bitcoin Cash “failed” under the mark of $1340, and the bears intensified, and daily sales have become more acute.

The wave of decline has been so pronounced that Bitcoin Cash almost reached $1150 – bitcoin touched $1156. On the hourly chart Bitcoin trading Cash clearly visible line “bear” trend, the upper limit of which is $1250.

Key support level for Bitcoin Cash is now at $1150, the key resistance barrier at $1250. The MACD indicator is declining on the daily chart, being positive, and amplifies the signal to sales. Stochastic oscillator goes down and also confirms the sell signal.

Fresh fundamental information relevant to Cash Bitcoin, a bit, but something interesting is still there. May 15, the network has been hardwork on the block 530356, it was announced earlier, so no stress for users not happened – the one who wanted to, managed to update the version of the client software is up-to-date.

Recent hardforce occur more often. The developers are trying to “play ahead”, and thus interfere with their ability to focus large volumes, or power in the same hands. It is to a greater extent on the application of ASIC miners that can mine more crypto-currencies with less power.

In a situation with Bitcoin Cash basic nuances relate to the increase of the block from 8 to 32 MB, which will enable to shorten the time of the execution of transactions and reduce their cost. Also, now back on OP_Codes, which was deactivated earlier.

The company is not too eager to comment on hardwork, but in recent comments Roger Vera (Roger Ver) again came the indication that Bitcoin is real Cash Bitcoin in philosophy, which was developed before Satoshi Nakamoto (Satoshi Nakamoto). Capitalization of Bitcoin Cash is now estimated at $22.6 billion and the cryptocurrency included in the top ten most popular altcoins.

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Forecasts financial markets are private opinion of their authors. The current analysis is not a guide to trade. RoboForex is not responsible for the results that can occur when using trade recommendations submitted reviews.

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