Hello guys,
Quick update on the price of Bitcoin Cash (BCH). The coin is now sitting at $594 after reaching $630 in the early hours of trading. The zone in front of bulls represents a solid resistance cluster from back in the day. I'm talking about the $630-$660 zone that combines both daily and weekly timeframes highs. A break above that level will open the door for $850.
Down, I will be looking for support near $570 and $500.
It is quite possible for the price to revisit $570 and consolidate before re-attempting to surpass the above-mentioned first level of resistance.
I'll be watching how the price evolves from here, updating you accordingly for entry levels.
Regards,
Quick update on the price of Bitcoin Cash (BCH). The coin is now sitting at $594 after reaching $630 in the early hours of trading. The zone in front of bulls represents a solid resistance cluster from back in the day. I'm talking about the $630-$660 zone that combines both daily and weekly timeframes highs. A break above that level will open the door for $850.
Down, I will be looking for support near $570 and $500.
It is quite possible for the price to revisit $570 and consolidate before re-attempting to surpass the above-mentioned first level of resistance.
I'll be watching how the price evolves from here, updating you accordingly for entry levels.
Regards,