Controversy Surrounds Bitcoin Hard Fork eCash Proposal
- Hard Fork Announcement: Paul Sztorc of LayerTwo Labs announced a Bitcoin hard fork to create a new coin called eCash, set for August 2026, where Bitcoin holders will automatically receive an equal amount of eCash, potentially impacting Bitcoin's holder dynamics and market structure.
- Activation of Drivechains: The eCash network will activate Drivechains, allowing the development of multiple independent networks for various applications, which could fundamentally alter Bitcoin's scalability and use cases, attracting more developers to the ecosystem.
- Satoshi Token Distribution: The eCash team plans to reassign less than half of Satoshi's equivalent tokens to early investors before the fork, sparking significant backlash from the community who argue this undermines ownership principles and could erode user trust.
- Naming Controversy: The name eCash overlaps with an existing cryptocurrency XEC, leading to market confusion and dissatisfaction from the current eCash community, while Sztorc defends the name's historical significance and emphasizes its distinction from Bitcoin.
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Technical Analysis for BCH
Technical Sentiment Analysis for Bitcoin Cash (BCH). As of , Bitcoin Cash (BCH) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 7 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BCH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BCH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin Cash (BCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 412.093 | 424.547 | 436.793 | 449.247 | 461.493 | 473.947 | 486.193 |
| Fibonacci | 424.547 | 433.982 | 439.811 | 449.247 | 458.682 | 464.511 | 473.947 |
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