BCH Price Prediction – August 2
The Bitcoin Cash free-falls under the moving averages as the broad-based selling activities hit the market.
Resistance levels: $360, $380, $400
Support levels: $280, $260, $240
Despite maintaining a bullish movement for the past few weeks, it looks like BCH/USD is looking to slow down and settle around the $290 support level. However, the market price broke down today, touching its lowest daily level at $244.27. More so, the current performance of the coin is below the normal expectations of traders and the coin may soon recover from this downtrend.
Could There Be a Fresh Bearish Wave in BCH?
If the BCH price fails to break the trend line of the upper boundary of the channel, there is a risk for a fresh bearish wave. If the coin drops below the 9-day moving averages, initial support … Read more