Nov 1, 2018
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Bitcoin Cash Price Analysis: BCH/USD Formed Double Bottom Near $400

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Key Points

  • Bitcoin cash price dipped sharply and retested the $410 support area against the US Dollar.
  • There was a break above a connecting bearish trend line with resistance at $415 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair could correct lower towards $418 or $415 before it can recover further in the near term.

Bitcoin cash price dipped and then recovery quickly above $420 against the US Dollar. BCH/USD could trade towards the $430 or $440 resistance in the short term.


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News · NewsBTC

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