Latest Bitcoin Cash Updates: BCH Is Among Top Performers Today

The latest Bitcoin Cash updates show that BCH, along with Bitcoin SV (BSV), are the best performers in the top 10 largest cryptocurrencies by market cap. The prices of BCH and BSV are up by 70% and 100% in the past 10 days, and today’s increases are of more than 14% and 15%, respectively.

The recent run up to $226 for BCH was impressive as Bitcoin Cash slices through its resistance now and is prepared for more gains in the near term, just like the Bitcoin SV (BSV) altcoin. Both of the coins sit at a pivotal point that could decide where they are headed next, and the latest Bitcoin Cash updates promise a good future for this altcoin.

After peaking at a high of nearly 0, the price of Bitcoin Cash (BCH) plummeted by more than 70% to hit a low of 4 in mid March.
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Now, the Bitcoin Cash news are showing solid momentum and a run-up to a price of $226 which is half the all time high.

Now that the cryptocurrency moved up to test the resistance positioned by the 61.8% Fibonacci retracement level, it could either get rejected by the hurdle or break through it. A rejection off resistance could see Bitcoin Cash (BCH) moving back to the $168 support level before it tries to break through the $243 barrier again as it did a month ago.

Meanwhile, breaking through this level could increase the odds of a further advance to new levels of resistance which are presented by the 50% and 38.2% Fibonacci retracement level. The BCH technicals and latest Bitcoin Cash updates show that the levels of resistance under these Fibonacci levels sit at $295.5 and $348, respectively.

Based on the 4-hour chart in today’s crypto news, it appears like BCH is sitting in a no-trade zone now and resting a bit before a potential upside move. As it moves above the 100-four-hour MA, BCH could trigger a spike in demand that would allow it to surge to the 200-four-hour MA, which is also where the 50% Fib retracement level sits.

According to the “In/Out of the Money Around Current Price” statistical model by IntoTheBlock, Bitcoin Cash (BCH) is currently slicing through the most significant level of resistance where more than 25,000 addresses are holding approximately 800,000 in BCH.