Nov 1, 2018
136 Views
0 0

Bitcoin Cash Price Analysis: BCH/USD Formed Double Bottom Near $400

Written by

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.

READ IN FULL

Article Categories:
News · NewsBTC

Leave a Reply

Your email address will not be published. Required fields are marked *