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Bitcoin Cash Price Prediction: BCH Strives to Gain Support

bitcoin cash price prediction for today april 20 bch strives to get support

BCH is attempting to gain support around the $300 trading level, according to the daily chart. The 50-day SMA indication is higher than the 14-day SMA. They’re also near the $350 resistance level, demonstrating that the value-line remains a critical stumbling block for the market’s further upswings. The Stochastic Oscillators have tightened their southward crossing to a range of 20. They’re heading south around it, implying that the bearish swings aren’t going away anytime soon.

Exchanges have seen unprecedented outflows of Ether, while Bitcoin has broken over the $43,000 barrier.

ether sees record outflows from exchanges while bitcoin smashes through 43000

Bitcoin (BTC), which is currently trading above $43,000 at press time, has seen more than 15,000 BTC in withdrawals from exchanges this week as it rises above $42,000 and beyond. According to statistics from crypto experts IntoTheBlock, this is the highest outflow from exchanges since January 29th.

Analysts predict that inflation will fall; act accordingly.

If nothing extraordinary happens, the Federal Reserve will raise interest rates and implement “quantitative tightening”, that is to withdraw liquidity from the market, in its fight against the high inflation rate.
The post Analysts: Inflation will go down, act accordingly appeared first on CryptoSlate. …

Short-term holders fuel volatility, and geopolitics panic markets, as BTC falls below $40,000.

With bitcoin trading mostly sideways during the weekend, without any major movement, the top cryptocurrency by market cap still fell under the important $40,000 mark.
The post BTC below 40k, short-term holders drive volatility while geopolitics spook markets appeared first on CryptoSlate. Source cryptoslate.com…

During times of macro uncertainty, Ethereum on-chain activity slows.

ethereum on chain activity cools off during macro uncertainty

Investors’ concern of the impact of the Fed monetary policy decisions over the US financial markets has been affecting crypto markets as well during the last 2 months.
The post Ethereum on-chain activity cools off during macro uncertainty appeared first on CryptoSlate. Source cryptoslate.com…

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