- Bitcoin Cash was down some 4% in the latter stages of trading on Wednesday, after a solid session on Tuesday.
- BCH/USD managed to find some footing at the lows of the session, $818.5, where a bullish pin bar formed.
- After launching an investigation in December, due to speculation its employees has engaged in improper trading related to Bitcoin Cash, no wrongdoing was found, according to news wire Fortune.
BCH/USD 15-minute chart
Spot rate: 835.0
Relative change: -4.00%
High: 879.5
Low: 818.5
Trend: Bearish
Support 1: 825.0, demand zone.
Support 2: 818.5, today’s (Wednesday) low.
Support 3: 810.4, (support on 15-minute chart).
Resistance 1: 844.7, 50MA.
Resistance 2: 852.3, 100MA.
Resistance 3: 864.1, (resistance on 15-minute chart).