Bitcoin Cash va pierde suportul de 110 USD, deoarece scade la 96 USD

The price of Bitcoin Cash (BCH) is in a downtrend, finding support above the $101.94 price level.

The bears have undercut the $110 support, which has held since July 25. However, the former level of $110 has become a resistance.

On October 13 and 17, buyers failed to sustain the bullish momentum above the $110 high. It is likely that the cryptocurrency will fall to a low of $101 or $96. If the support at $101 holds against it, BCH/USD will be forced to move between $101 and $120. At the time of writing, the altcoin is trading at $107.96. 

Citirea indicatorului Bitcoin Cash

BCH has continued to fall to the 39 level of Relative Strength for the 14 period. The decline may continue as the cryptocurrency’s price bars are below the moving average lines. Bitcoin Cash is in a bearish momentum as it is below the 40% area of the daily stochastics. A further decline will push the cryptocurrency asset into oversold territory.

tehnice de indicatori

Zone cheie de rezistență: 130 USD și 150 USD

Zone cheie de asistență: 120 USD și 100 USD 

Care este următoarea mișcare pentru Bitcoin Cash?

BCH has reached bearish exhaustion as it has fallen to the low of $101. The current support is likely to hold as buyers prepare to push the altcoin to the previous highs. A rise in price will catapult BCH above the moving average lines.

Disclaimer. Această analiză și prognoză sunt opiniile personale ale autorului și nu reprezintă o recomandare de cumpărare sau vânzare de criptomonede și nu ar trebui privite ca o aprobare de către Coin Idol. Cititorii ar trebui să facă propriile cercetări înainte de a investi în fonduri.