- BCH maintained a sever fall due to the crucial resistance level, and then instead of maintaining a sustainable climb it started fading and slip down below.
- BCH prices adopted a negative momentum and currently trading with positive momentum.
- The BHC/BTC is performing negatively with the loss of -4.63% bringing the level to 0.02881059.
Bitcoin Cash (BCH) prices witness a hard time to achieve the resistance level of $275, even after acquiring a gradual climb from the prices level of $265, BCH prices fail to acquire the strong up and end up adopting the negative trend.
The price level of $250 is providing major support to the BCH prices while they acquired it after suffering the fall.
The resistance line Of $275 is so strong but the current support level is also pushing prices again up in front to resistance level $260.
With the help of their current support level, BCH prices might reach the crucial resistances level of $260 and try to acquire a gradual climb over it.
The market capitalization of Bitcoin Cash is is$4,703,591,151 USD with volume traded of $5,719,269,278 and circulative supply of 18,394,213BCH.
Bitcoin Cash (BCH) Price Analysis
Bitcoin Cash BCH price attempt to commit an upsurge in today’s market but end up fading with a serious plummet.
From trading up above from the level of $255 to acquire a strong resistance level of $280 lead prices to a strong bearish trap.
The technical indicators and oscillators are showing an increase in buying volume which might lead prices to a positive trade.
The MACD levels are witnessing the trading majorly in the selling volume and buying volume is falling with bears.
The24hr- RSI was trading at the heavy bullish zone above the normal level but it’s going sideways as prices fall down with strong negative momentum.
The 24hr-CCI is trading in the normal region after falling from the heights of the over buying region and then started trading in the flat pattern.
Resistance level: $260
Support level: $250
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