Bitcoin Cash has been showing good bullish momentum for quite some time. While the whole market is in correction mode, it has maintained its strength. BCH Price has made an inverse head-and-shoulder pattern, the breakout of which can start the rally to new highs.
Amid the market correction, DTX Exchange, a new decentralized exchange platform, has seen a huge inflow of money from the crypto community. According to industry experts, DTX Exchange is set to revolutionize trading and investing platforms. In the article, we will discuss the recent price action of Bitcoin Cash and the new DeFi entrant DTX Exchange.
After falling from $700, Bitcoin Cash has formed a bullish head and shoulder pattern. Currently, the price is trading near the $515 zone, which has been a strong resistance for a long time. If the market supports a breakout that could happen any time soon, calculating the potential profit from the height of the head of the pattern is 25%, so the first target in the short term becomes $650.
According to Bloomberg, a Spanish court has granted bail to Roger Ver, a supporter of Bitcoin Cash. However, he still faces extradition to the US on fraud and tax evasion charges. Since his release, Bitcoin Cash has risen by over 3%. Ver, who gave up his US citizenship in 2014, is accused of evading at least $48 million in taxes and could face more than 20 years in prison if convicted.
Bitcoin Cash (BCH) is a cryptocurrency created to restore the original idea of decentralization in digital money. Unlike Bitcoin, Bitcoin Cash can handle more transactions in each block, which helps lower fees and speed up transaction times. BCH’s move is now followed by DTX Exchange.
DTX Exchange is a decentralized platform for trading and investing. It combines the best features of centralized and decentralized systems, allowing users to benefit from both without needing KYC verification. Traders are attracted to its advanced features, including unmatched leverage of over 1000X and access to more than 120,000 trading instruments such as forex, crypto, and stocks.
Despite the crypto market downturn, DTX Exchange has seen a price surge thanks to its innovative features. It offers investors and users appealing features that stand out in crypto. With tight security, a top-notch user experience, and swift customer support, DTX has attracted many investors, leading to notable price movements.
The DTX token is a strong investment opportunity, offering holders governance rights, loyalty rewards, and access to premium features. The presale has already raised over $630,000 in stage 2, and excitement is growing. Investors are flocking to this new project as interest builds. In the long run, this project promises better returns than meme coins. Now is the perfect time to buy the DTX token at the low price of $0.04 before it rises to $0.06 in the next round.
The positive sentiment around DTX and BCH is expected to drive prices higher. As the cryptocurrency market evolves, investor attention is drawn to BCH and DTX, which have shown potential for profits.
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