- Bitcoin Cash is at the mean level of a massive consolidation phase.
- The chart below shows the price is heading to a gap support zone.
BCH/USD Daily Chart
The crypto market is suffuring from another fall on Wednesday and Bitcoin Cash is over 9% lower.
In this pair, the 300.00 zone is shaping up to be a big support level.
The price has found the level as somewhat of a sticking point in the past.
Around that level is a 61.8% Fib retracement, trendline and support zone.
Now the market looks like it is in a bear market as there are some lower highs and lower lows in place.