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BCH/USD Technical Analysis: The crypto price fall has led Bitcoin Cash to fall below 250.00

  • All major cryptocurrencies took a dive after selling volume kicks in.
  • BCH/USD has fallen below 250.00 and is approaching the 61.8% Fibonacci level.

Bitcoin Cash 4-Hour Chart

Bitcoin Cash has sold off in recent price action.

The BCH/USD pair is now trading below the 250.00 psychological level.

The golden Fibonacci ratio of 61.8% has provided some support and helped stem losses.

The level also confluences with a support zone from 9th July.

Bitcoin Cash Chart

Additional Levels

 

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