{"id":35046,"date":"2024-07-29T10:47:13","date_gmt":"2024-07-29T10:47:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-cash-jumps-14-to-hit-450-as-btc-eyes-70k\/"},"modified":"2024-07-29T10:47:13","modified_gmt":"2024-07-29T10:47:13","slug":"bitcoin-cash-jumps-14-to-hit-450-as-btc-eyes-70k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-cash-jumps-14-to-hit-450-as-btc-eyes-70k\/","title":{"rendered":"Bitcoin Cash jumps 14% to hit $450 as BTC eyes $70k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/shutterstock_708875623-6-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/shutterstock_708875623-6-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/shutterstock_708875623-6-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/shutterstock_708875623-6-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Bitcoin Cash (BCH) gains mirror Bitcoin\u2019s surge to near $70k.<\/span><\/li>\n<li><span style=\"font-weight: 400\">With Bitcoin Cash price rising above $450, are bulls strong enough to eye further gains?<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-cash\/\"><span style=\"font-weight: 400\">Bitcoin Cash (BCH)<\/span><\/a><span style=\"font-weight: 400\"> rose more than 14% in 24 hours to trade above $450, its highest level since mid-June.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BCH gained as Bitcoin (BTC) moved to within reach of $70,000 following a 3% rise in 24 hours. The benchmark digital asset traded around $69,503 at the time of writing on July 29, slightly off its intraday highs above $69,800 reached during the Asian trading hours.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">BCH price: Are Bitcoin Cash bulls back?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin Cash, like Bitcoin, has in the past few weeks navigated a tough terrain in terms of sell-off pressure related to <\/span><a href=\"https:\/\/coinjournal.net\/news\/bitstamp-to-distribute-mt-gox-btc-from-july-25\/\"><span style=\"font-weight: 400\">potential Mt. Gox selling<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, Bitcoin remains above $60k with a good chunk of the staggering $9 billion worth of BTC that the defunct crypto exchange announced would be going to customers. This resilience has also shown with Bitcoin Cash, which continues to ride positive sentiment as Mt. Gox customers <\/span><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-hovers-near-66-5k-as-mt-gox-users-choose-to-hodl\/\"><span style=\"font-weight: 400\">choose to hodl <\/span><\/a><span style=\"font-weight: 400\">rather than sell.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto is also upbeat after last week\u2019s Bitcoin 2024 conference that saw former US president Donald Trump make major announcements related to Bitcoin and cryptocurrencies. With elections on the horizon, Trump pledged to make America the home of crypto and to establish a Bitcoin reserve for the US among other key remarks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Kim Dotcom, there\u2019s no fear that the US government will ban crypto.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Crypto is going to pump big time. The fear of US Govt bans against crypto is over. Legitimacy has been established. The whales lobbied all political camps and they succeeded. As the US dollar is weakening crypto will rise. My favorite is Bitcoin Cash. <a href=\"https:\/\/t.co\/DIOiBCxaVJ\">https:\/\/t.co\/DIOiBCxaVJ<\/a><\/p>\n<p>\u2014 Kim Dotcom (@KimDotcom) <a href=\"https:\/\/twitter.com\/KimDotcom\/status\/1817318094693667050?ref_src=twsrc%5Etfw\">July 27, 2024<\/a><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">BCH price prediction<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The Bitcoin Cash price surging above $400 has the cryptocurrency testing a key resistance zone.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A move above this means bulls have broken above a robust horizontal resistance line. Price is currently retesting a previous support area, above which the altcoin could eye a new year-to-date high.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this case, the psychological level at $1,000 will be a major short term target, while a run to the 2021 bull market highs remains possible if Bitcoin leads crypto into another mega run.<\/span><\/p>\n<figure id=\"attachment_217023\" aria-describedby=\"caption-attachment-217023\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-217023 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/07\/BCHUSD_2024-07-29_11-50-46.png\" alt=\"\" width=\"1057\" height=\"545\"\/><figcaption id=\"caption-attachment-217023\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/\" target=\"_blank\" rel=\"noopener\">BCH price chart. Source: TradingView<\/a><\/figcaption><\/figure>\n<p>The daily chart shows the Relative Strength Index (RSI) supports buyers as does the Moving Average Convergence Divergence (MACD) indicator.<\/p>\n<p><span style=\"font-weight: 400\">Potentially, BCH will see a retest of the horizontal line before surging again. However, a breakdown will likely push prices to the primary support area around $350.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-cash-jumps-14-to-hit-450-as-btc-eyes-70k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin Cash (BCH) gains mirror Bitcoin\u2019s surge to near $70k. With Bitcoin Cash price rising above $450, are bulls strong enough to eye further gains? Bitcoin Cash (BCH) rose more than 14% in 24 hours to trade above $450, its highest [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":35047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35046"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35046"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35047"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}