Bitcoin Cash (BCH) Price Prediction – August 12, 2020
BCH/USD rebounds above $280 after yesterday’s surprising breakdown. There was a general breakdown across the crypto currency markets. The bears sank the BCH below the $280 support which was intended to fall to the previous low at $245 low.
Resistance Levels: $280, $320, $340
Support Levels: $200, $160, $120
The recent breakdown below the critical $280 support was brief as bulls pushed BCH from its low of $270 to $280 before rebounding. BCH would have fallen to $245 low and later $220 low if the bears are successful. BCH bulls buy the dips to push the altcoin on the upside. Buyers have two major hurdles to jump over before attaining the $400 price levels. On the upside, if buyers break the $300 resistance and rebound above it, the $320 and $340 … Read more