RATE Group | Bitcoin Cash price analysis: BCH/USD gravitates into the 190
69803
post-template-default,single,single-post,postid-69803,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
 

Bitcoin Cash price analysis: BCH/USD gravitates into the 190

25 Nov Bitcoin Cash price analysis: BCH/USD gravitates into the 190

Posted at 03:51h in Bitcoin News by

[ad_1]

  • Bitcoin Cash smashes $200 support but $190 stays intact hitting a possible reversal.
  • The bulls remain active on the market despite the continuous decline since Friday.

Bitcoin Cash lost its recovery mojo several weeks ago when gains above $300 became unsustainable. The support shuttering action has not only been devastating to the investors, but it has also made recovery untenable.

The losses from Friday last week extended the leg below $200 and formed a low at $195. In the previous downtrend, Bitcoin Cash recovered on touching $197 support. However, the recovery that ensued over the weekend fell short of $220. Also limiting gains is the descending trendline resistance.

Bitcoin Cash is flirting with $200 at the time of writing. The region below between $190 and $200 is Bitcoin Cash possible buy area. As long as, $190 support stays intact, correction above $200 will come easy as bulls dive in to ‘buy the dip.’

The immediate upside is limited by the SMA…

[ad_2]

Source link

Tags:
, , , , , ,