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Bitcoin cash forecasts are improving



The bitcoin rally again returns.



01.Nov.17 7:54 AM
By Daria Zaytseva
Photo Toinnov.com

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Bitcoin cash forecasts are improving

At press release time, the bitcoin cash-U.S. dollar (BCH/USD) exchange rate reached a four-day high of $505.90 in the afternoon session before dropping to $487.47. According to CoinMarketCap, the cryptocurrency has witnessed a 9 percent increase in value over the past 24 hours.

Probably, during the rally, Bitcoin ABC, the most widely used version of the bitcoin cash software, released upgrade version 0.16.0 today, with changes that take effect through a hard fork on November 13. Aim to ease economic problems with the help of its mining network, thу code was announced yesterday by a mixed reaction of investors and enthusiasts.

But, despite the fact that the news is positive, there cannot be a clear connection between the software update and the current price increase. Likewise, the cryptocurrency lost its mojo this week, as investors, apparently, assessed whether the upcoming technical upgrade would lead to a split of the blockchain.

Those fears continue to persist, although the consensus appears to be growing among investors that a gap in the chain is unlikely and that participants need to update the software.

The analysis of price action indicates the potential for obtaining a solid profit.




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