Bitcoin Cash retests a support zone as bulls look to push prices above

Bitcoin Cash has posted decent gains recently and climbed from $104 to $116 over the past week. At press time, the technical indicators showed the sentiment began to shift to bearish.

Timeline of Bitcoin-cash

Bitcoin Cash (BCH) is in a downtrend, but is making an upward correction. The price of the cryptocurrency has risen above the moving average lines. However, the cryptocurrency is stuck below the 50-day line SMA.

Bitcoin Cash (CRYPTO: BCH) is trading higher by 4.29% to $113.42 during Tuesday afternoon. Shares of several altcoins are trading higher in sympathy with apex cryptocurrency Bitcoin and second-largest market cap crypto Ethereum and U.S. equities.

Sharing a statistically significant positive correlation with the leading coin Bitcoin [BTC], Bitcoin Cash [BCH] logged a decline in its price in the last week. According to data from the cryptocurrency analytics platform CoinMarketCap, the price per BCH coin fell by 8% in the past seven days.

As captured in the publication, $500 million worth of loan would be offered by Binance Pool for a term of 18 to 24-month.  The interest rate currently ranges from 5 percent to 10 percent in addition to the security that will be offered by the Miner Lending project to physical or digital assets.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Bitcoin Cash forms both a triangle pattern as well as a range To buy or not to buy, that is the question Bitcoin [BTC] surfaced above the $20k mark for a few hours.

The crypto market surpassed the $1 trillion capitalization mark yesterday. Although it has slipped below the price peg, the broader crypto market appears to be consolidating. Several assets are very attractive today. In this article, we'll consider the biggest crypto gainers. 

At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism.

The price of Bitcoin Cash (BCH) is in a downward correction as the altcoin falls below its moving average lines. The cryptocurrency fell to the low of $115.95 as bulls bought the dips.

Bitcoin Cash (CRYPTO: BCH) is trading lower by 7.04% to $119.80 during Tuesday's session after August CPI data showed worse-than-expected inflation. This has driven a risk-off sentiment and has also raised the potential for further Fed policy tightening to curb inflation.

Registering an 8% price uptick in the last seven days, Bitcoin Cash's [BCH] significant positive correlation with Bitcoin [BTC] might have been the factor responsible for the asset's failure to log double-digit gains in the last week. The price of the king coin itself grew by just 10% within the same period.