- Bitcoin Cash (BCH) price dealt another blow on Wednesday, down over 1.5% in the latter stages of the session.
- BCH/USD forced to retreat and receive support from a near-term ascending trend line.
BCH/USD 60-minute chart
Spot rate: 513.3
Relative change: -1.55%
High: 520.5
Low: 509.1
Trend: Bearish
Support 1: 510.5, ascending trend line.
Support 2: 503.1, 6 October low.
Support 3: 500.0, psychological support level.
Resistance 1: 522.0, resistance on 60-minute chart.
Resistance 2: 532-535.0, supply zone.
Resistance 3: 550.0, heavy supply area.