Latest Bitcoin Cash price and analysis (BCH to USD)

With much of the attention being focused on Bitcoin over the past few weeks altcoins like Bitcoin Cash have seemingly fallen by the wayside, with significant reductions being reported in daily trade volume.

As a result, Bitcoin Cash continues to trade at the same level it is has been at for the past six weeks, with it failing to break out above the 200 EMA at $270 and the level of resistance at $282.

At the time of writing BCH remains in a bearish position despite rallying by more than 113% since March 13’s gruelling flash crash to $133.

At the time of writing it is trading at $246 after suffering at 3.72% drawdown over the past three days.

It needs to ensure it closes the weekly candle on Sunday above the $238 level of support to avoid a dreaded break down in price, which would see a price target of $201 begin to emerge.

The clear lack of momentum and volume is undeniably another bearish sign for Bitcoin Cash, which surprisingly rallied to a 14-month high of $496 in February before…