- Bitcoin Cash was hit overnight like many of the other major altcoins, price manages to find support and its up marginally by 0.5%.
- BCH/USD has slipped back below descending trend line, after breaking above on Wednesday, the price is vulnerable to further downside.
BCH/USD 60-minute chart
Spot rate: 662.0
Relative change: +0.55%
High: 668.3
Low: 645.50
Trend: Neutral
Support 1: 645.5, today’s (Friday) low.
Support 2: 629.60, last legs of demand zone.
Support 3: 604.0, 6th April low.
Resistance 1: 666.6, descending trend line.
Resistance 2: 686.6, 50MA.
Resistance 3: 707.6, 100MA.
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