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CEO of nChain and self-proclaimed Satoshi Nakamoto, Craig Wright, adds fuel to the ongoing fire between the developers of Bitcoin Cash and the miners before the hard fork of November 2018, with a series of new comments on twitter . The current stalemate between Bitcoin ABC, Bitcoin Cash's biggest customer and Craig Wright left the broader Bitcoin Cash community with considerable concerns about the future and longevity of the project. A clear divide between the largest mining basins of BCH Coingeek and Bitmain (Antpool + BTC.com) added further gravity to the problem.
Understandably, the uncertainty caused by this internal feud has spread to the broader Bitcoin Cash community, particularly investors who are starting to doubt the longevity of the tough Bitcoin project. This has led BCH to struggle to break over $ 600 in the last 3 weeks, now again below $ 530 and down -6.38% versus USD.
Will BCH survive the inner conflict between its key support and developers, or will we see equity decline further as investor confidence continues to diverge? Let's take a look at the chart.
In the 1D BCH / USD chart, we can see that Bitcoin Cash continues to fall within an all-encompassing descendent triangle model, with the resource that it has recently traced to. within the base support region between $ 600 and $ 521, in the last three weeks. This is a very dangerous territory for BCH at this time, as the current inner conflict could easily drive the asset through the base support region and towards new lows throughout the year.
If this happens, and the first support region fails, then it is likely that we will see the Bitcoin Cash bears drag the price further until it finds the following support area between $ 406 and $ 291.
Watching the indicators above the 2hr spark plugs, we can see a number of bearish signals that support this expected price development:
- On the MACD indicator, we can see that the two moving averages have both passed bearishly across the signal line , with the 12MA that keeps under 26MA as the moment diminishes.
- The CMF is also holding under the zero line, since the sales pressure increases compared to buyers
- RSI remains in the lower quarter of the index channel, between 40 and the oversold level at 30.
- Sull & # 39 Ichimoku indicator, the candles have recently passed bea rishly through the Kumo support, with the addition of a negative T / K divergence. This is a strong trend indicator that suggests that BCH is going to become bearish.
Bitcoin Cash (BCH) Price Targets
All price targets are set at $ 521, at the lower support level of the first support region 
Target 1 Price: Bitcoin Cash will probably find its first foothold at $ 477 (-8.46%), soon after the bears manage to exceed the base support level of $ 521. The price of $ 477 was a key res / support level historically in November of last year
Price Target 2: From here it is likely that bears will continue to force the price until they reach the next support main region below, at $ 406.80 (-21.93).