Bitcoin Diamond (BCD)
Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866 and there with a new chain BCD will be generated. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. It has a market cap of $60.9 million, a circulating supply of 560 million and has traded over $8.4 million in the past 24 hours according to CryptoSlate.com.
BCD/BTC is breaking out of a double bottom price pattern as it looks to retrace a significant amount of its prior trend. A potential target area is near the 61.8% Fib retracement level near 0.000215. A stop could potentially be placed below 0.000120.
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