Long
Do You Remember Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is designed to be an improvement and replace the original Bitcoin, so the argument across investors has been that Bitcoin Cash should we worth as much as the original Bitcoin.
BCH has now fallen by 26% from its November 24 high and is trading relatively near the support area of $1121-$1265, and if BCH manages to bottom out around current levels, then I suspect that traders will target the November 24 high of $1777. However, on a failure of the $1121-$1265 interval to hold as support then price might slip the next support level, which is the November 17 low of $849
BCH has now fallen by 26% from its November 24 high and is trading relatively near the support area of $1121-$1265, and if BCH manages to bottom out around current levels, then I suspect that traders will target the November 24 high of $1777. However, on a failure of the $1121-$1265 interval to hold as support then price might slip the next support level, which is the November 17 low of $849
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.