Bitcoin Cash BCH Price Continues Rising

Bitcoin Cash BCH Price Continues Rising

Most cryptocurrencies benefit from minor upward momentum during this week. Bitcoin Cash BCH is a bit of an exception, as it has noted solid gains for two days straight. The current push brings the value to $475, and a further uptrend to $500 and it crossed $530. The network’s upcoming hard fork is generating some positive momentum, by the look of things."Bitcoin Cash BCH Price Continues Rising"

It is rather interesting to see how select cryptocurrencies mount a somewhat solid comeback during these market conditions. While Bitcoin and Ethereum are still subdued, Bitcoin Cash is firing on all cylinders and moving upwards. A strong uptrend over the past few days has catapulted the BCH value back to over $500 for the first time in a while.

Bitcoin Cash BCH Price Continues to Rising

In the past 24 hours, the Bitcoin Cash price noted another 10% gain in both USD and BTC value. That is very respectable, although some users would have expected slightly more after yesterday’s massive surge and as expected the Bitcoin Cash Price Continues rising. Even so, the upward momentum continues for the time being, which paints a very interesting short-term outlook for Bitcoin Cash.

Bitcoin Cash Bullish Momentum

There are those who value the opinion of Roger Ver above anything else. Antonius Aurelius considers this a time during which BCH will see major bullish momentum in the days to come. Whether or not that will be the BCH price prediction, remains to be determined. There is not anything to warrant a big uptrend right now.

One of the topics to keep in mind is how Bitcoin Cash faces a hard fork on November 15th. This means BCH users will have access to the new fork’s coins, as long as their wallet supports it. There is still some doubt as to which solutions will do exactly that though, but more information should become available in the coming week or so.

Speaking of the Bitcoin Cash hard fork, Coinbase provided a very interesting statement. It would appear they plan to support the alternative currency as well, or at least give users access to these tokens after the fork completes. That is rather unusual for this company, albeit it may spark a lot more demand for Bitcoin Cash as the fork date draws closer.

For the time being, it would appear as if BCH will continue this momentum for some time to come. Remaining above $500 is a big challenge first and foremost, especially because the markets remain rather uneasy at this time.  The hefty trading volume for BCH should help move things along, though, but weekends remain unpredictable first and foremost.

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