- Bitcoin Cash has much weight on its shoulders on Thursday, down in negative territory by 3.5%.
- The bears continue to test a very key near-term demand area, tracking from $747-738.
BCH/USD 60-minute chart
Spot rate: 741.3
Relative change: -3.50%
High: 773.8
Low: 739.0
Trend: Bearish
Support 1: 738.0, latter part of key demand zone.
Support 2: 734.7, 1st August low.
Support 3: 719.0, consolidation area between 15-16th July, before bull run.
Resistance 1: 755.8, 50MA.
Resistance 2: 760.1, 100MA.
Resistance 3: 778.0, supply zone.