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Schlëssel Héichpunkter
Bitcoin Cash faces strong rejection at $280 resistance
BCH huet en Zilpräis vun $300.30
Bitcoin Cash (BCH) Aktuell Statistiken
Den aktuelle Präis: $ 265.24
Maart Kapitaliséierung: $ 4,924,877,755
Handelsvolumen: $ 1,997,187,783
Grouss Versuergungszonen: $ 325,, $ 350, $ 375
Grouss Ufrozonen: $ 200, $ 175, $ 150
Bitcoin Cash (BCH) Präis Analyse de 09. November 2020
Bitcoin Cash has been trading consistently above the $250 support. Yesterday, buyers fail to push BCH above the $280 resistance. This has been the market scenario. A similar attempt was made on November 2 as the coin faced rejection at the $271 high. The coin plunged to a $233 low. Later, the price was corrected upward to $245.
The bullish momentum extended above the critical support at $250. On the upside, if the coin makes a strong bounce above the current support, a rally above $280 is likely. Nevertheless, if the bulls fail to break this resistance, the coin will return to its sideways move. That is the crypto will resume sideways move between $250 and $280.
Bitcoin Cash Technesch Indikatoren Liesen
BCH is at level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and 50-day SMA are sloping northward indicating the uptrend.
Konklusioun
Bitcoin Cash will make a further upward move if the $280 resist6ance is broken. On October 15 uptrend the retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will reach the level 1.618 Fibonacci extension level.
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