Bitcoin Cash price down over 2% on Wednesday, falling out from rising channel pattern. Roger Ver comments on the back of Elon Musk recent tweets on Bitcoin, saying “I know Musk is into cryptocurrencies and I hope he knows that Bitcoin Cash is the real Bitcoin.” The Bitcoin Cash price was seen down over 2% well into the session on Wednesday. Resuming the selling pressure that was started on Monday, before catching a relief bounce on Tuesday. The price is set to test the key psychological $400 mark to the downside. Following the sharp move lower on Monday, where the price had dropped around 6.5% in the session. Since, BCH/USD has been in consolidation mode, sideways trading. This recent price behavior has formed a rising channel formation, which has been breached. In terms of news flow, a large advocate of Bitcoin Cash, Roger Ver, was recently discussing companies that have adopted Bitcoin Cash. He noted that Key Motors, a car dealership in Australia, is now accepting Bitcoin Cash payments. Elsewhere, he commented on the back of Elon Musk sharing his view recently on Bitcoin via Twitter, and Roger Ver said, “I know Musk is into cryptocurrencies and I hope he knows that Bitcoin Cash is the real Bitcoin.” Technically, given the price formation of BCH/USD via the 60-miunte chart view, it does demonstrate further vulnerabilities to the downside. Next area of demand is seen at $408 area, 17th – 19th September low area. BCH/USD 60-minute chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Breaking News: GBP/USD jumps as Raab says a Brexit deal is expected by November 21 FX Street 4 years Bitcoin Cash price down over 2% on Wednesday, falling out from rising channel pattern. Roger Ver comments on the back of Elon Musk recent tweets on Bitcoin, saying "I know Musk is into cryptocurrencies and I hope he knows that Bitcoin Cash is the real Bitcoin." The Bitcoin Cash price was seen down over 2% well into the session on Wednesday. Resuming the selling pressure that was started on Monday, before catching a relief bounce on Tuesday. The price is set to test the key psychological $400 mark to the downside. Following the sharp move lower on Monday, where… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
