Bitcoin Cash Price Prediction: BCH/USD Drops to $244 Support; Recording 9.36{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} Downtrends

BCH Price Prediction – August 2

The Bitcoin Cash free-falls under the moving averages as the broad-based selling activities hit the market.

BCH/USD Market

Key Levels:

Resistance levels: $360, $380, $400

Support levels: $280, $260, $240

BCHUSD – Daily Chart

Despite maintaining a bullish movement for the past few weeks, it looks like BCH/USD is looking to slow down and settle around the $290 support level. However, the market price broke down today, touching its lowest daily level at $244.27. More so, the current performance of the coin is below the normal expectations of traders and the coin may soon recover from this downtrend.

Could There Be a Fresh Bearish Wave in BCH?

If the BCH price fails to break the trend line of the upper boundary of the channel, there is a risk for a fresh bearish wave. If the coin drops below the 9-day moving averages, initial support … Read more

HSBC treads a fine line between angering China and alienating the west

The bank’s support for Hong Kong laws will see boss Noel Quinn in a tricky spot this week as he reveals its latest results

HSBC’s chief executive, Noel Quinn, will be steeling himself for a grilling on Monday, as the bank’s support for China’s controversial security laws in Hong Kong and alleged role in the arrest of a Huawei executive threaten to dominate its second-quarter results.

The company, which has its global headquarters in London but makes the majority of its profits in Hong Kong and China, will be the last major UK bank to publish earnings next week. But while HSBC is likely to report Covid-19 loan loss charges worth $2.7bn (£2bn) – more than the $2.5bn (£1.9bn) it is expected to make in pre-tax profits – the impact of the virus will be one of the easier topics to tackle as the bank juggles competing geopolitical controversies.

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Blockchain Foundry, Matic Network Partner to Increase Scalability

The Blockchain Foundry is partnering with the Matic Network to “explore interoperability between the Syscoin and Matic networks,” a press release from the two groups notes.

As you may know, the Blockchain Foundry is a blockchain development group based in the United States. It has helped develop the Syscoin network, while Matic creates its own network. The goal here should increase scalability for the Ethereum network, as that is what these groups intend to do in the first place in their own right.

Speaking on the matter is Sandeep Nailwal, the COO of the Matic Network, who said:

“Scalability solutions each have their own approaches and advantages; collaboration is the key to the long-term success of the blockchain industry. By combining the scalability advantages of Matic Network and Syscoin, together we will be able to usher in a new era of true scalability for Ethereum-based DApps. We at Matic

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Hedge fund boss Crispin Odey charged with indecent assault

High-profile Tory donor and Brexit backer denies indecent assault in 1998

Hedge fund manager Crispin Odey has denied indecently assaulting a woman more than 20 years ago.

The Tory donor, 61, was charged on 14 May this year over an alleged incident at an address in Chelsea, west London, in 1998.

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Bitcoin Price Prediction: The Bull-Phase Is Igniting; BTC/USD Price Soars To $11,400

Bitcoin (BTC) Price Prediction – July 31

The Bitcoin price continues to test the $11,400 level, leading top crypto to believe a rally to $12,000 could occur soon.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $12,300, $12,500, $12,700

Support Levels: $10,300, $10,100, $9,900

BTCUSD – Daily Chart

BTC/USD surpassed $11,400 for the third time in three days, breaching a critical resistance level. Earlier today, the Bitcoin price reached $11,455 but it quickly rejected back to the $11,250 range. Meanwhile, within the last hour, the Bitcoin price has risen above the $11,400 mark again and some traders believe that repeated retests of the resistance could raise the chances of a breakout.

However, if the Bitcoin price breaks out of $11,400 resistance level, a rally to $12,000 is likely. At the moment, the resistance range from $11,200 to $11,400 is seemingly triggering sellers to defend this level and prevent … Read more