30 November 2017 Bitcoin Cash and Bitcoin Gold Analysis Predictions

November 30, 2017 | Author: | Posted in Bitcoin Cash (BCH), Bitcoin Gold (BTG)

30 November 2017 Bitcoin Cash and Bitcoin Gold Analysis Predictions

Bitcoin as well as it’s fork coins Bitcoin Cash and Bitcoin Gold lost value by more than 10% within the last 24 hours.

30 November 2017 Bitcoin Cash

When we look into the weekly BCH USD chart, we will see that the price could not reach the 1800 levels which brough about a sell-out perception. In parallel with that, the price gradually fell down 1370 levels.

We should keep in mind that Bitcoin Cash reached the current levels from 600s within a time as short as 2 weeks . In other words, bitcoin cash price tripled in two weeks which means a over-extended price increase.

The steady increase of Bitcoin, may have caused a similar performance perception for Bitcoin Cash that might be one of the background reasons of the recent valuation of Bitcoin Cash. Despite having the same names, each coin depends on it’s own dynamics such as buy-sell volumes, weekly-monthly-yearly price performance, market perception etc.

To conclude, we may see further downward movements throughout the next week if the current levels fail in prompting investors to buy-in.

30 November 2017 Bitcoin Gold

Coming now.


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