Bitcoin Cash (BCH) Spikes 7.5% to 7-Day High but Concerns Remain

At 1130 GMT, the BCH/USD pair was trading at $129.83 according to aggregated data provided by CoinGecko.com. The total market cap, at the same time, was close to $2.282 billion, Bitcoin Cash’s best since January 15, 2019, while its 24-hour adjusted volume was above $256.244 million.The Bitcoin Cash market could not provide any evidence that could support their impressive rally. Roger Ver, the man behind the Bitcoin Cash project, had recently announced that they would update their Bitcoin.com wallet. On January 21, peer-to-peer marketplace Bitquick had added BCH support to its platform. But the rally did not start anytime before January 22.“MACD and RSI rising, Buy Signal from the UCTS at the 6h chart,” wrote Nico. “EMA50-100 & 200 between here and potential target at 0.04sats so pay attention for any pullback in the road.”