Bitcoin Cash Price Analysis: BCH/USD Could Crash Below $300

Key Points Bitcoin cash ABC seems to be a winner and it is currently trading below $300 against the US Dollar. There is a major bearish trend line formed with resistance at $335 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of a major downside break below $300 in the near term. Bitcoin cash price is trading near $300 on Kraken against the US Dollar. BCHABC is likely to retain BCH ticker and it is currently trading below $300…

Crypto and Oil Market Slumps Are Sign of Approaching ‘Flash Crash’ in Markets

Analysts from Bank of America Merrill Lynch have said that the crash in cryptocurrency and oil markets are indicators of a looming “flash crash” in markets, Reuters reported Nov. 16. The strategists reportedly suggested that rising volatility across various asset classes and deleveraging, such as that which happened in oil markets over the past weeks, are signs of the evolution of a bear market. On Nov.14, Bitcoin (BTC) price slumped below $5,400, while total market capitalization of all cryptocurrencies dropped as low as $174 billion. The price dive marked a…

Bitcoin Cash Price Analysis: BCH/USD Crash Could Gain Pace Below $400

Key Points Bitcoin cash price crashed and declined more than $100 towards the $400 level against the US Dollar. There is a major bearish trend line in place with resistance at $470 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently consolidating above the $400 level and it could correct a few points in the near term. Bitcoin cash price declined heavily below $450 against the US Dollar. BCH/USD tested the $400 support and it is currently consolidating losses. Bitcoin Cash Price Analysis…