Ilhas do Caribe, Dubai, Mumbai — A adoção do Bitcoin Cash continua crescendo em todo o mundo

Os apoiadores do Bitcoin Cash são conhecidos por espalhar a adoção ao longo dos anos e 2022 não é diferente. Este ano, o bitcoin cash de criptomoeda peer-to-peer teve uma adoção significativa em todas as ilhas do Caribe, ao lado de lugares como Dubai e Mumbai. Os defensores do Bitcoin Cash continuam a promover a adoção de criptografia ponto a ponto De acordo com a página da web map.bitcoin.com, there.

Timeline of Bitcoin-cash

The price of Bitcoin Cash (BCH) is in a downtrend as buyers have pushed the cryptocurrency above the 21-day line SMA. The downtrend is likely to weaken as bulls have broken above the 21-day line SMA. The initial upside correction above the 21-day line SMA is encountering resistance at $210.

Post an up-channel (yellow) oscillation for over three months, it has more or less been a bear show in the Bitcoin Cash [BCH] market. An expected up-channel breakdown on 30 April set BCH in a bearish motion for nearly a month now.

As the broader market crashed all the way down to the $1.2T-mark over the last week, HODLers have been trying to stall the sell-off situation. But, they still need to inject higher volumes to sustainably modify the broader outlook in their favor.

The recent market-wide liquidations kept the broader sentiment within the bonds of ‘extreme fear' for a week now. Bitcoin Cash, Uniswap, and Stellar were susceptible to this sentiment as they took a significant plunge towards their yearly lows over the past two days.

The price of Bitcoin Cash (BCH) is in a downtrend after falling past the previous lows of January 2022. Currently, it has fallen to the low of $210 and has recovered. The current decline has reached the oversold area of the market.

Bitcoin fell by 9% the previous day, and across the altcoin market, short-term bullish setups were mercilessly wrecked. Just when coins like Bitcoin Cash and EOS appeared to break past their respective resistance levels, the intense sell-off forced them to suffer a sharp drop in prices.

Roger Ver, the early Bitcoin (BTC) evangelist-turned Bitcoin Cash (BCH) supporter known as ‘Bitcoin Jesus', is now voicing his support for Dogecoin (DOGE), calling it better than BTC. The strange turn of events comes as BCH continues to lose ground against its competitor BTC.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin Cash (BCH) sellers quickly pulled off a notable plummet from the 11-month $719 resistance.

Bitcoin Cash (BCH) price is in a downtrend as the price has broken below the 50-day line SMA. BCH Price was previously trapped between the moving averages. Price's break below the moving averages signals the resumption of the downtrend.