Bitcoin Cash (BCH) Price Analysis Today: BCH Looking to Move Higher – BCH / USD News Today

Bitcoin Cash [BCH] developers close to adding privacy to BCH transactions – The developers in the Bitcoin Cash ecosystem, the 4th largest cryptocurrency in the world and much disputed for hard forking from Bitcoin, are now working on a project called Cashshuffle. Under this, a concept called Tokenshuffle lies that was formed by the community developers to anonymize BCH transactions. The developers have reportedly been focused on the fungibility aspect of the coin over the past few months.

According to Bitcoin.com, the popular online portal run by BCH proponent Roger Ver, the idea of Tokenshuffle is significant for the community to provide added privacy to the transactions. Furthermore, a developer named Chris Troutner was the one who outlined and published Tokenshuffle as a concept on 12th October.

Tokenshuffle is a light wallet built with the help of two types of cryptocurrency mixing protocols. Currently, Troutner is planning to build an open source application for the protocol after the review phase of the project is over.

The developer also made a statement regarding Tokenshuffe and conveyed that the idea is a hybrid of the fundamentals involved with Coinjoin and Coinshuffle. He also mentioned anonymity as the key idea behind the project.

Bitcoin Cash (BCH) Price Today – BCH / USD

Name Price24H (%)
Bitcoin (BTC)
$6,926.42
-5.34%
Bitcoin Cash (BCH)
$238.63
-10.19%

BCH looking to move higher

TradingView.com

While BCH has also broken it’s trend line , we really need a break above $600 to signal a move higher.

MACD is itching to cross and RSI is lower than it’s been in a while.

It seems it’s just a matter of time before we get a move up.

Once we break $600 and really start moving up, my first target is $1,600.

During the past 7 days, the week opened for BCH at $525.83 but kept strolling down casually to trade at $509.43. Post this, the token experienced a severe jerk and tumbled all the down to $430.48 with a market cap of $7.48 billion. This was the bottom of the week for the coin. After laying low for a few days, BCH rose to its glory on 15th October and rolled back into the green zone by moving straight up at $482.86.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
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Aamir Kapoor is a fintech writer specializing in cryptocurrency and blockchain. He has a background in finance and banking and was a researcher.