Bitcoin Cash reverses from the buy zone between $190 and $200. Bulls are working hard to sustain the price above $220 in readiness of the next assault at $220. Bitcoin Cash fell victim to the immense selling pressure since Friday last week. The majority of tentative support levels failed to hold, including levels at $240, $220, and $200. BCH refreshed the critical buy zone between $190 and $200. A low formed at $192 saw the formation of a double-bottom pattern. However, Bitcoin Cash continues to lag reaction to the pattern in spite of the improving technical picture. Meanwhile, BCH is trading at $210, following a slight recovery. Advances already made towards the $220 hurdle have not yielded much. From a technical perspective, Bitcoin Cash is prime for gains. For instance, the RSI is making a comeback above 50, although earlier it had hit a snag at 53. The MACD is also gradually grinding upwards. Its emergence above the mean line will further cement the bulls’ presence on the market. Besides, a bullish cross suggests that the momentum is the favor of the bulls. It is becoming apparent that the shrinking volatility and a decrease in the trading activity are the reasons why Bitcoin would not take advantage of the double-bottom pattern. BCH/USD 240′ 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 China’s Finance Ministry: Dollar sovereign bond issuance will help improve yield curve FX Street 3 years Bitcoin Cash reverses from the buy zone between $190 and $200. Bulls are working hard to sustain the price above $220 in readiness of the next assault at $220. Bitcoin Cash fell victim to the immense selling pressure since Friday last week. The majority of tentative support levels failed to hold, including levels at $240, $220, and $200. BCH refreshed the critical buy zone between $190 and $200. A low formed at $192 saw the formation of a double-bottom pattern. However, Bitcoin Cash continues to lag reaction to the pattern in spite of the improving technical picture. Meanwhile, BCH is… 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.
