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BCH slumps to $242 low
Crypto fluctuat inter $240 et $260
Cash BitCoin (BCH) Current statistics
In current price: $ 251.32
Forum Capitalisation: 4,668,038,972 $
Latin Edition Trading: 2,545,039,402 $
Major copia zonae: $ CCCXXV,: $ CCCL: $ CCCLXXV
Demanda major plaga: $ 200, 175 $, $ 150
Cash BitCoin (BCH) Price Analysis November XXVII, MMXX
Bitcoin Cash is in a sideways move below the $280 overhead resistance. Since October 12, the price has been fluctuating between $240 and $280.
Yesterday, BCH dropped to a $242 low and resumed an upward move. BCH is trading at $251 support at the time of writing. On the upside, if the current support holds, the upside momentum will resume. The bulls will retest the $280 overhead resistance. On the downside, if the current support fails to hold, BCH will fall to the $216 low.
Cash BitCoin Technical lectio Indicatores
BCH price has broken below the SMAs which suggests a downward movement of the coin. The price is also testing the support line of the ascending channel. A break below the support line will mean a downward movement of the coin. The SMAs are sloping northward indicating the uptrend.
Conclusio
BCH is in a sideways trend below the $280 overhead resistance. On October 24 uptrend. A retraced candle tested the 61.8% Fibonacci retracement. The retracement indicates that the market will reach the level 1.618 Fibonacci extension level. That is BCH will rise to $310.51 high.
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