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Ntsiab Highlights
BCH is trading in a tight range between $215 and $231
BCH will fall and retest $200 if the current support at $215 cracks
Cov Nyiaj Txiag Bitcoin (BCH) Cov Ntaub Ntawv Tam Sim No
Tus nqi tam sim no: $ 223.78
Kev Lag Luam Kev Lag Luam: $ 4,143,687,655
Cov Lag Luam Loj: $ 2,433,966,656
Cov chaw xa khoom loj: $ 325,, $ 350, $ 375
Cov aav loj uas xav tau: $ 200, $ 175, $ 150
Kev Ntsuas Nyiaj Bitcoin (BCH) Kev Tshawb Fawb Lub Cuaj Hli 14, 2020
Since September 3, BCH has been trading in a confined range. It is currently at $223 but ranges between $200 and $240. It is unclear if the downtrend will continue because the current support at $200 has been holding since March. The bears have not been able to break it because it has been defended by the bulls.
Currently, BCH is fluctuating in a tight between $215 and $231. This tight range can easily be broken. If the bears break the $215 support, the coin will fall and retest the $200 low. The market will move up at this low if the support holds. On the upside, buyers must push BCH above $280 for the continuation of the uptrend.
Bitcoin Nyiaj Ntsuas Kev Ntsuas Kev Nyeem
Bitcoin Cash is in a descending channel. The crypto will resume downtrend once the support line of the channel breaks and price closes below it. Similarly, the uptrend will resume if price breaks and closes above the resistance line of the descending channel.
xaus
The current range-bound movement will linger if the key levels of the market remain unbroken. However, the retraced candle body tested the 78.6 % Fibonacci retracement level. It indicates that the selling pressure will resume and BCH will reach the low of 1.272 Fibonacci extension level or $177 low .
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