Market overview: Bitcoin, Bitcoin Cash и Ethereum on July 23, 2018

July 24, 2018

Bitcoin is insistently testing the local resistance, on the high timeframes it has enough strength to touch 8000 price point during this week.

Bitcoin Cash also looks strong and can continue its movement. If to compare with Ethereum, which is one of the top alts and attracts much attention, we can see that BCH demonstrates better development results.

Ethereum looks weaker and the trades of the pairs with ETH don’t look too bullish, it may indicate the decline of ETH-USD pair. In a long-term perspective, both of these markets have good perspectives, they both overcame the resistance of the downtrend of the last months and ready to form the uptrend movement, but now BCH has a good oscillatory amplitude and the possibility to grow further.

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