Bitcoin Cash Price Technical Analysis – BCH/USD to Correct Lower


Key Factors

  • Bitcoin money worth after buying and selling as excessive as $1754 began a draw back correction in opposition to the US Greenback.
  • Yesterday’s highlighted main bullish pattern line with help at $1635 was damaged on the hourly chart of BCH/USD (knowledge feed from Kraken).
  • The worth is now correcting decrease and it’d quickly take a look at the $1450 help space.

Bitcoin money worth has began a draw back correction in the direction of $1450 in opposition to the US Greenback. BCH/USD would possibly recuperate as soon as the present correction is over.

Bitcoin Cash Price Resistance

It looks as if consumers struggled to push bitcoin money worth above the $1700 stage in opposition to the US Greenback. The worth made a few makes an attempt to break the $1718 and $1750 resistance ranges, however failed. Consequently, a draw back correction was initiated. It’s now beneath the 23.6% Fib retracement stage of the final leg up from the $1148 low to $1754 excessive. Extra…



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