Bitcoin Cash Price Analysis: BCH/USD is heading toward an important zone

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  • 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.

Bitcoin Cash

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