- Bitcoin Cash hammered on Wednesday, down a chunky 7%, with mass crypto selling seen.
- BCH/USD at threat of breaching the key area of $650-600, which could open the gates to a fresh bout of selling.
BCH/USD daily chart
Spot rate: 612.0
Relative change: -7.01%
High: 657.0
Low: 600.1
Trend: Bearish
Support 1: 600.1, vital demand zone.
Support 2: 523.5, 8th November 2017 low.
Support 3: 412.8, (support on daily chart).
Resistance 1: 656.5, low 28th/29th June.
Resistance 2: 750, 50DMA.
Resistance 3: 836.5, (resistance on daily chart).