Bitcoin Cash Analysis: Bearish Moves Below $125
Bitcoin cash price started a fresh decline from the $138 zone against the US Dollar. The price is now trading below the $125 zone and the 55 simple moving average (4-hours).
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Bitcoin cash price started a fresh decline from the $138 zone against the US Dollar. The price is now trading below the $125 zone and the 55 simple moving average (4-hours).
Bitcoin Cash's price is up by a percentage point in today's trading session, a day after its prices plunged by 8.8 per cent.
The price of Bitcoin Cash (BCH) is in a downward correction as the altcoin falls below its moving average lines. The cryptocurrency fell to the low of $115.95 as bulls bought the dips.
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Bitcoin Cash (CRYPTO: BCH) is trading lower by 7.04% to $119.80 during Tuesday's session after August CPI data showed worse-than-expected inflation. This has driven a risk-off sentiment and has also raised the potential for further Fed policy tightening to curb inflation.
Registering an 8% price uptick in the last seven days, Bitcoin Cash's [BCH] significant positive correlation with Bitcoin [BTC] might have been the factor responsible for the asset's failure to log double-digit gains in the last week. The price of the king coin itself grew by just 10% within the same period.
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Bitcoin cash price started a fresh increase from the $110 zone against the US Dollar. The price is now trading above the $120 zone and the 55 simple moving average (4-hours).
Bitcoin Cash price bounced back on Thursday as the strong US dollar index (DXY) rally took a breather and American stocks rallied.
The Bitcoin Cash price may continue to show a bullish movement if the market could rise above the $130 resistance level.
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Bitcoin cash fell to a two-month low on Wednesday, as a red wave swept through cryptocurrency markets. The token dropped by over 10% during today's session, hitting its lowest level since July. Apecoin saw a similar fate, plunging by over 10%.
The price of Bitcoin Cash (BCH) is in a downward correction as the altcoin drops to the low of $111.84. The current level is the historical price from August 19.
BCH was trading at $115.76, marginally down in last 24 hours
The Bitcoin Cash price prediction reveals that BCH may likely form higher as the coin trades around the 9-day and 21-day moving averages.
Bitcoin Cash (BCH) is in a downtrend as the altcoin fell to a low of $111 on August 28.
Bitcoin Cash had shed 24% of its value in the previous 12 days. Leading coins like Bitcoin (BTC) and Ethereum (ETH) have also experienced double-digit losses over the past 26 days as a result of the broader market slump.
The market capitalization of the entire cryptocurrency market has declined by about 5% since the month started. The current as of 27 August stands at $944.9 billion.
Bitcoin cash price started a fresh increase from the $112 zone against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4-hours).
Bitcoin's price is stagnant at the moment at $21,000, but Bitcoin Cash rises by 7%. Bitcoin, the world's largest digital currency, is still trading below the $22,000 level.
Bitcoin Cash [BCH] has turned out to be one of the best cryptocurrencies that one could have bought during the weekend. Last week's crash triggered a sell-off across the crypto spectrum.
The largest digital currency in the world, Bitcoin, is still fluctuating below the $22K price mark. Meanwhile, its daughter token, BCH, has recently gained some green bars, surging by 7%.
The price of Bitcoin Cash (BCH) has regained momentum after a recent drop to a low of $113. On August 20, BCH rose above current support to reach a high of $140, but then fell back.