Bitcoin Cash has lost over 11% of its value in 24 hours. More downside in store unless the coin returns above $463. Bitcoin Cash, the fourth largest digital asset with market value $7.8B is changing hands at $452 after a short-lived dip to $440 during early Asian hours. BCH/USD is down 11.3% since this time yesterday, amid strong bearish momentum across all major coins. What’s going on Bitcoin Cash nosedive took the coin below several key support levels as strong bearish sentiments swept the cryptocurrency markets. While the momentum has faded away, the recovery is still too weak to compensate for losses. The coin was locked in a narrow range for quite a long period of time, which created additional price momentum on the breakthrough. Bitcoin Cash technical picture Looking technically, a sharp move below $500 handle clouds the short-term picture and exposes the coin to further losses. A sustainable movement below $440 level (Asian low) will open up the way towards critical $410 (long-term support) followed by psychological $400. On the upside, the move above $463 (broken downside trendline from July 24 high) is a prerequisite to an extended recovery with the initial aim at $500, followed by $511 (DMA50). BCH/USD, the daily 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 US: Core inflation to stay unchanged at 2.3% y/y – Danske Bank FX Street 4 years Bitcoin Cash has lost over 11% of its value in 24 hours. More downside in store unless the coin returns above $463. Bitcoin Cash, the fourth largest digital asset with market value $7.8B is changing hands at $452 after a short-lived dip to $440 during early Asian hours. BCH/USD is down 11.3% since this time yesterday, amid strong bearish momentum across all major coins. What's going on Bitcoin Cash nosedive took the coin below several key support levels as strong bearish sentiments swept the cryptocurrency markets. While the momentum has faded away, the recovery is still too weak to… 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.
