- BCH bounces hard after relentless sell off.
- The bounce may not last long.
Bitcoin Cash, the split cousin of the largest cryptocurrency Bitcoin, which itself got split into two after a hard fork, about a few days ago, has turned negagtive after bouncing off sharply and after falling below psychologically important $200 mark. Its like a dead cat bounce which may again head south after this bounce is over and done with.
BCH/USD is down more than 1 percent on day at $200.8, just on the cusp of breaking that $200 mark again. Earlier in the day, BCH bounced off sharply, reacnhing as high as $252, only the fall sharply again. BCH has been making new lows ever since the hard fork and its into uncharted territory now.
Quite likely that it may even head towards double digits in this leg, as visible on the daily charts.
BCH/USD daily chart:
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