Question 1

What is Bitcoin Cash?

Accepted Answer

Bitcoin Cash (BCH) is Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin.

Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit from 1MB to 8MB. This effectively allows miners on the BCH chain to process up to 8 times more payments per second in comparison to Bitcoin. This makes for faster, cheaper transactions and a much smoother user experience.

Why was Bitcoin Cash Created?

The main objective of Bitcoin Cash is to to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to complete. This is all because of the 1MB limitation of Bitcoin Core’s block size, causing it unable to accommodate to large number of transactions.

Essentially Bitcoin Cash is a community-activated upgrade (otherwise known as a hard fork) of Bitcoin that increased the block size to 8MB, solving the scaling issues that plague Bitcoin Core today.

Nov 16th 2018: A hashwar resulted in a split between Bitcoin SV and Bitcoin ABC

Question 2

What is the price of Bitcoin Cash?

Accepted Answer

Bitcoin Cash is currently trading at $481.93. It has changed +3.43% in the last 24 hours.

Question 3

Where can I buy Bitcoin Cash?

Accepted Answer

Bitcoin Cash (BCH) can be purchased on major cryptocurrency exchanges like Binance and Bybit.

Question 4

What is Support and Resistance?

Accepted Answer

Support is a price level where buying pressure tends to emerge as the price falls. Resistance is a price level where selling pressure tends to emerge as the price rises. These levels represent critical points where investors make their buy and sell decisions.

Bitcoin Cash Technical Analysis

Bitcoin Cash (BCH) Price, Technical Analysis and Support/Resistance Levels

BCH/USDT Chart

BCH Technical Analysis

Moving Averages

Oscillators

Trend Status

Support/Resistance

Support & Resistance Levels

Resistance

Support

Classic Pivot Points

Fibonacci Retracement

Basic Indicators

Simple Moving Averages (SMA)

Exponential Moving Averages (EMA)

Complex Indicators

Volume Profile

Supertrend

Ichimoku Cloud

Market Prices

Detailed Info & Tokenomics

Market Data

Token Supply

Important Links

Live News

About Bitcoin Cash