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  • Bitcoin Cash price nursing losses just shy of 3% on Friday, as bull momentum from the start of the week, gives up much ground.
  • BCH/USD is moving fast to the south within a descending channel, as seen on the 60-minute chart.

 

BTC/USD 60-minute chart

 

 

Spot rate:                                    83.36

Relative change:               +0.06%

High:                                                   84.26

Low:                                                      80.27

 

Trend:                                                 Bearish

 

 

Support 1:                                  715.8, (support on 60-minute chart).

Support 2:                                    668.30, lower part of descending channel.  

Support 3:                                    655, demand zone.  

Resistance  1:                          736.4, upper trend line of descending channel.  

Resistance 2:                          745.0, 50MA.  

Resistance 3:                          760.9, 100MA & supply zone.