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📈 Price Predictions
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BCH Price Is To Double In November? Traders Explain What Makes $500 Price Level Possible

  • Vera Yurina
    📈 Price Predictions

    Bitcoin Cash price might reach a $500 price target in November, but what should happen before it breaks out? The answer is in BCH price predictions from TradingView

BCH Price Is To Double In November? Traders Explain What Makes $500 Price Level Possible
Cover image via tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

 

Bitcoin Cash has been performing pretty well this week and shows the general bullish signs. But if you think that it’s too late to invest in BCH right now, this Bitcoin Cash price prediction from TradingView will, probably, make up your mind. 

Do you believe that BCH will double its cost in November? Traders are sure about it, and here’s why.

Attention to H&S pattern

Head and shoulders pattern on BCH chart
Bitcoin Cash (BCH) price chart by TradingView

On the chart above, we can see the highlighted trendlines regarding Bitcoin Cash's quiet sideways movement, perhaps we'll see some movement from alts into 2020 now that attention is on Bitcoin. We have a head and shoulders possibility here to send us down, but it must be already invalidated. H&S usually doesn't hold much weight in crypto.

So, when to enter the market? Traders are still waiting on a buy because BTC will be pushing everything down currently.

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A bit of bearish before bullish

Next BCH moves
Bitcoin Cash (BCH) price chart by TradingView

User StockGuild is expecting a move down to $170 with $BTC testing $6K before the major move back up. A lot of traders have been discussing the probability of bearish trend before BCH soars in the sky, so this opportunity doesn’t seem unlikely anymore.

Looking like things are starting to bubble up in the alt market with the dominance chart taking its much-anticipated dump. There are some really good breakout trades that can be taken at this time. And BCH might bring us great profits, as well. 

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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