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Bitcoin Cash

Bitcoin Cash Price Analysis: BCH/USD bears remain in control for the fourth straight day as price drops below $230

  • William’s %R is trending inside the oversold zone, indicating that BCH/IUSD may experience bullish correction soon.
  • The SMA 50 is looking to cross over SMA 20 to chart a bearish cross pattern.
  • BCH/USD faces resistance at the SMA 50, SMA 20, $245.80, $264.25 and SMA 200. 

BCH/USD daily chart

BCH/USD daily chart

BCH/USD dropped from $228 to $226.57 as the price faced its fourth straight bearish day. As with the rest of the crypto market, BCH/USD had a devastating Thursday as well, where it plummeted from $239.70 to $228. The SMA 50 is looking to cross over SMA 20 to potentially chart a bearish cross pattern. William’s %R is trending inside the oversold zone, indicating that BCH/IUSD may experience bullish correction soon.

The bulls need to overcome resistance at SMA 50, SMA 20, $245.80, $264.25 and SMA 200 to reverse the current bearish market sentiment completely. The bears have to aim for the $215.20 and $203.05 support levels to maintain downward momentum.

Key levels

BCH/USD

OVERVIEW
Today last price226.4565
Today Daily Change-1.5259
Today Daily Change %-0.67
Today daily open227.9824
TRENDS
Daily SMA20244.2956
Daily SMA50240.6531
Daily SMA100269.823
Daily SMA200269.7699
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