the bulls sustain a price above the EMA, the BTC price will rise. Meanwhile, the BTC price is below the EMAs which indicate that price is in the bearish trend zone. The bearish candlestick broke the 12-day EMA and the 26-day the EMA and resumed the downtrend. The bulls broke the 4,200 resistance level which had remained unbroken since February.
Bitcoin Cash (BCH), coinGecko
Note that the SEC has the hands off these assets and to ensure fair playing field, rules have been formulated to punish those who flout these bare minimums. UBS, the Swiss Financial Bank is confident Bitcoin will eventually replace fiat as the USD. The price fell to the low at 4,978 and it is ranging below the EMAs. We exit the short trade at the support zone. BTC/USD Short-term Trend: Bearish bitcoin cash koers On the 1-hour chart, the BTC price is in a bearish trend. While in the bullish trend zone the crypto's price tested the trend line and bounced back. Though positive, there is no relation between this and the SEC approving several Bitcoin ETF proposals. The BTC price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. Citing mining costs, these traders insist that any drop below 6,000 would lead to a hash power drain as most back out as they wont be breaking even.