Home Bitcoin Cash Price Analysis: BCH/USD falls after losing momentum at the $243.50 resistance level
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Bitcoin Cash Price Analysis: BCH/USD falls after losing momentum at the $243.50 resistance level

FX Street
Published date:
  • BCH/USD faced heavy bearish correction following a bullish Wednesday.
  • The price is trending back inside the red Ichimoku cloud.

BCH/USD daily chart

BCH/USD daily chart

BCH/USD has dropped from $243.32 to $237 this Thursday, following a bullish Wednesday. In the process, the price has dropped back inside the red Ichimoku cloud, and fallen below the SMA 50 curve. The MACD shows increasing bullish momentum, despite Thursday’s bearish price action.

Support and resistance

BCH/USD faces strong resistance at $243.50. On the downside, healthy support lies at $240.48, $237.35 (SMA 50), $235 and $230.10 (SMA 20).

Key levels

 

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