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  • 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/