- Bitcoin Cash late in the session on Thursday was trading firmly in the red, down a chunky 11.50%.
- BCH/USD is set to rest $240 which is a key daily support level, low of 3rd April.
- If the above noted fails to hold then the price could tumble quickly back down to the pre-April bull urn levels, see around $160.
Spot rate: 270.01
Relative change: -11.52%
|Today last price||269.5274|
|Today Daily Change||-35.2372|
|Today Daily Change %||-11.56|
|Today daily open||304.7646|
|Previous Daily High||315.5138|
|Previous Daily Low||295.028|
|Previous Weekly High||352.3611|
|Previous Weekly Low||165.7283|
|Previous Monthly High||172.9457|
|Previous Monthly Low||120.5261|
|Daily Fibonacci 38.2%||307.6882|
|Daily Fibonacci 61.8%||302.8536|
|Daily Pivot Point S1||294.6905|
|Daily Pivot Point S2||284.6163|
|Daily Pivot Point S3||274.2046|
|Daily Pivot Point R1||315.1763|
|Daily Pivot Point R2||325.588|
|Daily Pivot Point R3||335.6621|
BCH/USD 60-minute chart
- The price had been ranging before the bears managed to force a breach, inviting a strong wave of selling pressure to the downside.
BCH/USD daily chart
- Daily support is eyed at $240, 3rd April low, a breach could see a full reversal of the recent run higher.
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