Bitcoin 
$117,959.83 Cash (BCH) became one of the Rare Altcoins, who exceeded the $ 570 threshold on Wednesday and wrote in -day earnings between the crypto currencies in the top 20. According to Intothheblock’s data, the wallets that control at least 1 percent of the supply were on Tuesday and 66 thousand 40 BCH inputs took place on Tuesday. This recorded as the highest whale accumulation observed since July 4th. The price starting from $ 483 to $ 571, which started on July 4, confirms the strong relationship between large wallet movements and price rise. Analysts say that permanence over $ 570 can trigger a new rally at the beginning of August, but the psychological limit of $ 600 is still critical.
Whale request date at Bitcoin Cash is at the summit
INTOTHEBLOCK‘Large Holder Netflow ” indicatorcorporate or funded actors’ whale status addresses on Tuesday 66 thousand 40 pieces of BCH has shown. After 103 thousand 520 BCH record purchases four weeks ago, this fresh demand is the whales. altcoinHe points out that the positive course in his view of e.
Immediately after the major accumulation on July 4, the price rise from $ 483 to $ 570 has shown that whale flows can foresee the price performance. Past data states that whale net inputs often accompany the early stage of the rise. Crypto investors’ application – the reason will surprise you!
Market observers are now monitoring whether corporate demand will continue to increase in late July data. If the whale appetite remains alive, new purchases in August will be able to ignite the rally further.
In the light of technical indicators, the resistance of $ 600 is close follow -up
BCHA 20 -day moving average is traded over $ 530,70, confirming the short -term rise trend. Bollinger band The upper band of the indicator is located at $ 587,10. This level, where the price was withdrawn several times last week, stands out as the first obstacle to the upward movement.
$[mcrypto coin=”BCH” currency=”USD”] Price graphAs an important indicator MacdAlthough it remains above the signal line (17.40) with a value of 21,20, the shrinkage of the histogram bars indicates a possible relaxation in the receiving power. If the $ 587 is exceeded with a volume, the March summit, which is recorded for $ 610, will be the new target.
On the contrary, the price of the price of $ 560 and the average of the 20 -day average will bring the risk of a correction that may extend to the $ 510 zone. For this reason, the reaction of the price in the range of $ 560-587 will be decisive in terms of the determination of the direction of the beginning of August.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
