Crypto Analysis Report 7-25-18 Where Is Price For Bitcoin Cash Heading Next
It’s been about seven weeks since I last posted about Bitcoin Cash,
where I give several reasons why I liked the $650 level for a buy to go long.
In late June, price went through the first daily demand zone and hit the lower demand zone, going as low as $646 and bounced upward.
On June 26, the SEC revealed a proposal to ease the approval process and “modernize the regulatory framework for exchange-traded funds. In recent days there has been discussions of SEC being close to approving the first Bitcoin ETF. As result, buyers have been stepping in and one of the beneficiaries has been Bitcoin Cash. But is this just another buy the rumor and sell the news?
Since hitting the daily demand zone, price has been making higher highs and lower highs.
Price hit the daily supply at $900 before pulling back.
If this rally is for real, the buyers must take out the remaining sellers at $900 and the next level above at $960.
If price can get pass the $960 level, there is nothing stopping price until it hits the sellers at $1150.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
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by rollandthomas
100 million US dollars per coin.
Ok no but damn it I WISH.
Can you please calculate what it would take for 1 Bitcoin Cash to be valued at 100million?
It's a interesting question.