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Bitcoin Cash Price Analysis: Will BCH Coin Price Downtrend See A Halt Near $200?

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  • Bitcoin Cash price is currently in a downside move and can soon see a strong momentum in the future. The asset has observed a drop of more than 12% in the intraday session
  • BCH coin price technical indicators are currently seeing a downtrend. Meanwhile, BCH/BTC pair has seen a loss of more than 4%

BCH coin price is currently in a strong bearish mode due to the fall in the Bitcoin market value. Bitcoin cash cost has seen a deficiency of over 12.7% in the past 24 hours and is trading near the value of $300. BCH follows BTC in closeness and can in a little while revive to another high. BCH cost may see a nearby fall close to the worth of $400

The assist district of the coin with canning be found near $250. The BCH/BTC pair can in like manner see another solid potential gain pattern energy later on. One can place assets into BCH as per their necessities and worth action circumstances.

Bitcoin cash cost is currently way beneath the 50 and 100 Daily Moving Average, and can after a short time see a breakout. The 100 DMA cost is near the value of $434 and can before long notice a solid potential gain pattern. If the coin moves in a solid potential gain pattern then a move till $500 can be noticed. One can gauge that the BCH asset cost may in a little while see strong upside energy.

BCH market strength close by market cap is seeing disadvantageous energy and can after a short time see solid potential gain levels. Bitcoin cash cost needs to cover more than 90% of its current worth and can see a solid potential gain pattern later on. The volume to market cap capitalization extent of the Bitcoin cash proposes a solid potential gain for the future

BCH Coin Price Bears Are Looking To Make A New Low

Source: Trading view

The weekly technical chart of BCH price suggests a strong downside trend and can soon see a push to a new level. On the daily chart, the asset price is in a strong downside trend and can soon see a new low. 

The volume indicator for BCH is hinting towards a downside rally and can soon see a new low in the future. If the Bitcoin cash price sees a rally then a new high can be seen.

Conclusion

Bitcoin cash price is currently in a bearish mode and can soon see a new high in the future. BCH/BTC pair can also see strong momentum in the future.

Technical Levels

Major Resistance:$400

Major Support: $250

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