- Bitcoin Cash nursing minor losses in the late part of Thursday’s session, down some 0.40%.
- BCH/USD received an important boost in a known bidding area, to help prop up the price, after selling pressure hit the market earlier in the week.
- If upside momentum kicks in, eyes will be on a return to $500 mark, price last here on 15th October.
BCH/USD daily chart
Spot rate: 424.8
Relative change: -0.38%
High: 433.1
Low: 409.8
Trend: Neutral
Resistance 1: 436.4, Daily Pivot Point R1.
Resistance 2: 446.4, Daily Pivot Point R2 & 27 October high.
Resistance 3: 459.7, Daily Pivot Point R3 & 22 October high.
Support 1: 416.7, 30 October low.
Support 2: 413.2, 29 October low & Daily Pivot Point.
Support 3: 399.8, Daily Pivot Point/