Bitcoin Cash Price Analysis: BTC Manages 20K, But BCH Still Looks For Hidden Bullish Pattern

bitcoin Cash price is still looking sideways on the daily price chart, but the 4-hours chart price action is showing a slight bullish trend.

While forming a higher-lows formation, the bulls struggled for a move higher near the 20-day exponential moving average on the 4-hours graph.

The Bitcoin Cash and Bitcoin pair is down 3.9% at 0.005748 Satoshis.

However, the entire crypto market is extremely bearish as bitcoin noted an 18-month low near the $17708 mark. Meanwhile, BTC attempted a relief rally above $20K today, but the Bitcoin Cash coin is still sideways.

The $100 conceptual round level, managed by BCH bulls well during the downtrend, still stands as an important hedge area for buyers. Thus bitcoin cash price is still looking sideways on the daily price chart, but the 4-hours chart price action is showing a slight upward trend with a bullish trend (blue).