- Bitcoin Cash had taken advantage of the incredible Bitcoin price surge last week to record gains above $320.
- Bitcoin Cash in a range between the upper limit at $325 and supported at $280.
The market is sinking in the sea of red following the downside correction among the major cryptos on Wednesday. Bitcoin Cash is down 2.59% on the day, Bitcoin is trending 1.5% lower, Ethereum by 1.74% while Ripple has recorded losses of up to 1.74%.
The 1-hour chart for BTC/USD shows the price motionless and pivotal around $300. The upside has been capped by the 100 SMA 1-hour at $30.4.49. Prior to the slide, Bitcoin Cash had taken advantage of the incredible Bitcoin price surge last week to record gains above $320.
At the moment, Bitcoin Cash in a range between the upper limit at $325 and supported at $280. The RSI at 46 is ranging as well to confirming the sideways trading. Similarly, the MACD in the same range is horizontal at 0.0. BCH/USD path of least resistance is sideways and likely to stay that way in the rest of the sessions today.
BCH/USD 1-hour chart 
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