Home Bitcoin Cash Technical Analysis: BCH/USD pops higher back into $700 territory,  A member of the US House of Representatives has just disclosed their crypto holdings
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Bitcoin Cash Technical Analysis: BCH/USD pops higher back into $700 territory,  A member of the US House of Representatives has just disclosed their crypto holdings

  • Bitcoin Cash price is seen up on Tuesday around 2.5%, as price receives decent boost to take it back above $700 mark.
  • It was reported that a    US House of Representatives member  Bob Goodlatte has  disclosed  that  he owns as much as $80,000 in Bitcoin, Bitcoin Cash and Ethereum. This follows after  The House Ethics Committee informing all lawmakers, that they must disclose their holdings.  

 

BCH/USD 60-minute chart


 

Spot rate:                    707.4

Relative change:        +2.40%

High:                          713.0

Low:                           688.2

Trend:                         Bullish

Support 1:                  704.9, 100MA.

Support 2:                  699.6, 50MA

Support 3:                  689.0,  key near-term demand area support.  

Resistance 1:             713.0, today’s (Tuesday) high and (resistance on 60-minute chart).  

Resistance 2:             738.9, 4th August high & supply zone.  

Resistance 3:             745.0 (resistance on 60-minute chart) & previous strong area of support.

 

 

 

 

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