Bitcoin Cash remains in the same relatively tight trading range that it has been in since the turn of the year, with it currently bouncing off the daily 200 exponential moving average (EMA).
As the three-year anniversary of Bitcoin Cash’s infamous hard fork approaches, it has now lost 93.98% of its value with a market cap of $4.8 billion.
From a technical perspective, $204 continues to be the key level of support for BCH with price being propped up on numerous occasions dating back to September, 2019.
To the upside, meanwhile, the key hurdle for Bitcoin Cash is at $282 as this has been a point of rejection on three occasions since late October.
Oliver Knight in Crypto Analysis
Latest Bitcoin Cash price and analysis (BCH to USD)
Bitcoin Cash remains in the same relatively tight trading range that it has been in since the turn of the year, with it currently bouncing off the daily 200 exponential moving average (EMA).
As the three-year anniversary of Bitcoin Cash’s infamous hard fork approaches, it has now lost 93.98% of its value with a market cap of $4.8 billion.
From a technical perspective, $204 continues to be the key level of support for BCH with price being propped up on numerous occasions dating back to September, 2019.
To the upside, meanwhile, the key hurdle for Bitcoin Cash is at $282 as this has been a point of rejection on three occasions since late October.
If Bitcoin Cash can can begin to establish a period of bullish momentum and take out $282, it will likely follow the trend of the wider cryptocurrency market and test the $329 level of resistance.
However, what often happens to altcoins when Bitcoin begins a bullish charge to the upside is that they suffer a sell-off, which seems to be the most likely short-term destiny for Bitcoin Cash.
Bitcoin cash now is 480 dollars Up the bitcoin cash price is Up