RATE Group | BCH/USD bears caused large threat to the $300 mark
76924
post-template-default,single,single-post,postid-76924,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

BCH/USD bears caused large threat to the $300 mark

24 Jan BCH/USD bears caused large threat to the $300 mark

Posted at 19:25h in Bitcoin News by

[ad_1]

  • Bitcoin Cash price is trading in the red, with losses of 2.85% in the second half of the session.
  • BCH/USD broken below daily support at the $325 level, making way for further pressure south. 
  • In terms of area of support, eyes on $300, $280 and then $250. 

BCH/USD daily chart

A big test from the bears was seen on the $300 price mark, however, the bulls did manage to defend it for now. 

BCH/USD 60-minute chart

The bulls managed to escape from a near-term descending channels structure. 

 

Spot rate:                   321.18

Relative change:        -2.80%

High:                            327.05

Low:                             315.25

 

[ad_2]

Source link

Tags:
, , , , , ,