Bitcoin Cash (BCH) price dealing with profit taking
|- BCH/USD sees bears pile in, after entering chunky touted supply area, heading into $650 territory.
- Poloniex announces pre-fork trading for Bitcoin Cash split, however deposit and withdraws relating to, cannot be done until after successful fork has taken place.
- Next major area of interest to the downside, seen at the psychological $500 mark.
BCH/USD daily chart
Spot rate: 593.1
Relative change: -1.80%
High: 606.4
Low: 584.0
Trend: Bearish
Support 1: 591.2, lower support of channel.
Support 2: 587.1, daily pivot point support.
Support 3: 565.8, daily pivot point support.
Resistance 1: 611.8, upper part of channel.
Resistance 2: 626.1, resistance 60-minute.
Resistance 3: 645.0, supply area.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.