Bitcoin Cash continues growing strongly with $700 in sight. The RSI implies that the downside correction may start soon. GMO Internet Group mined more Bitcoin Cash coins than Bitcoins in October. Bitcoin Cash, the fourth largest digital asset with market value $11B, is trading at $634 at the time of writing. The gained 13% in the recent 24% and over 46%% in seven days. GMO Internet Group started to mine lots of Bitcoin Cash in October, according to the report published by the company. During the reporting period, the company mined 875 BCH and only 512 BTC, while in September the amounts of BCH mining were virtually non-existent. The Japanese giant seeks to boost its mining capacity and break Chinese monopoly in the industry “Regarding our mining machines, there has been a delay for part of the electronic components due to the tight global supply-demand balance, which led to the postponement of shipment,” the company detailed. Bitcoin Cash technical picture Looking technically, BCH/USD is trading well above DMA50 and DMA100, which is a positive sign for the Bitcoin Cash bulls. However, the Relative Strength Index stays in the overbought territory implying that the downside correction is just around the corner. The first support lies with psychological $600 handle. Once it is broken, the sell-off may continue towards the above-said DMA100 at $525 and DMA50 at $486. On the upside, the short-term resistance is created by the recent high of $644, followed by critical $700. BCH/USD, the daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US: Downward pressure for the USD and long yields – Nordea Markets FX Street 4 years Bitcoin Cash continues growing strongly with $700 in sight. The RSI implies that the downside correction may start soon. GMO Internet Group mined more Bitcoin Cash coins than Bitcoins in October. Bitcoin Cash, the fourth largest digital asset with market value $11B, is trading at $634 at the time of writing. The gained 13% in the recent 24% and over 46%% in seven days. GMO Internet Group started to mine lots of Bitcoin Cash in October, according to the report published by the company. During the reporting period, the company mined 875 BCH and only 512 BTC, while in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.