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- BCH is unable to maintain its sustainability above the basic level, and this might be an indication of a violent downfall.
- The BHC/BTC is performing positive with a profit of 2.11% bringing the level to 0.03414143.
The 7day-weekly char reflects that BCH prices have a hard time to do a gradual climb. It’s suffering at the primary level.
The price level of $200 is providing a major resistance to the prices from the price fall of the last week. It is also pushing prices below the normal crucial level.
Currently, the price levels are at the crucial normal mark, which is not a good sign for crypto investors as prices can again fall gradually. The market capitalization is$3,227,999,804 USD with volume traded of $3,707,729,392 and circulative supply of 18,335,625 BCH.
Due to the bearish nature of the market, BCH prices are falling gradually. There is a heavy bearish momentum in the prices of the crypto asset. It is also struggling to stay above the normal region, which makes it vulnerable for further price drop.
The technical indicators and oscillators are showing an increase in selling volume leading to the volatility of the prices.
The MACD levels faced bearish momentum majorly, but somehow there was an increase in the buying volume of the cryptocurrency that provided some bullish momentum.
The RSI reached the bullish zone but took a negative divergence and called its day off in the bearish region.
The 24hr-CCI witnessed both overselling and overbuying region today.
Resistance level: $180
Support level: $175
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
