- Bitcoin Cash nursing some losses of over 2% on Thursday, as the price remains further dominated by the bears.
- BCH/USD is sitting just above a descending trend line, that was previously acting as resistance.
- Given the break and retest of the above-mentioned, another pump could be seen before a dump to retest 24th June low.
BCH/USD 4-hour chart
Spot rate: 697.0
Relative change: -2.35%
High: 724.8
Low: 690.0
Trend: Bearish
sss
Support 1: 690.40, descending trend line.
Support 2: 686.0, (support on 4-hour chart).
Support 3: 662.30, 24th June low & demand zone.
Resistance 1: 718.30, supply zone.
Resistance 2: 731.70, (resistance on 4-hour chart).
Resistance 3: 751.0, 38.2% Fibonacci.
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