Market Cap: $938039315676 24h Vol: $51140572241 Cryptocurrencies: 15172 Markets: 59165
Cryptopolitan 2021-09-07 23:27:32

Bitcoin cash price analysis: Bearish current takes BCH to $733 as bulls struggle

TL;DR Breakdown The latest Bitcoin cash price analysis shows a decline in price.Coin value to go down even below $732.65.Support is still quite strong as it is present at $680.2. The Bitcoin cash price analysis shows that the cryptocurrency has gone through a bearish momentum in the latest price chart. The bearish momentum has been continuously at a peak, as the last hours have seen a major decline in the price value. The price has lowered to the level of $733, causing a reversal in the uptrend that followed earlier this day. As the short-term trending line is also showing downward movement, further reduction in price can be expected. BCH/USD 1-day price chart: Bears debase coin value ruining further chances of improvement The 1-day Bitcoin cash price analysis is indicating that the price has undergone a major decline today. That has been made possible by the bears who have been able to interrupt the successive bullish wins. The bears have taken the price value down to $733, which has been surprising as the past week has seen a continuous rise in price. The price is still present above the Moving Average (MA) value which is currently set at $699.54. The expansion of Bollinger bands has resulted in increased volatility which is a partially negative indication for the future. BCH/USD 1-day price chart. Source: TradingView The Bollinger band indicator in the 1-day price chart is displaying the following figures; the upper band ...

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