Bitcoin Cash Price Analysis: BCH/USD is heading toward an important zone
|- Bitcoin Cash is at the mean level of a massive consolidation phase.
- The chart below shows the price is heading to a gap support zone.
BCH/USD Daily Chart
The crypto market is suffuring from another fall on Wednesday and Bitcoin Cash is over 9% lower.
In this pair, the 300.00 zone is shaping up to be a big support level.
The price has found the level as somewhat of a sticking point in the past.
Around that level is a 61.8% Fib retracement, trendline and support zone.
Now the market looks like it is in a bear market as there are some lower highs and lower lows in place.
 (5)-637183294321279969.png){kind=link}
Additional Levels
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.