- 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.
Additional Levels