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The price of Bitcoin Cash (BCH) remains in a downward correction. Since December 14, the market has corrected to the upside.

Bitcoin Cash (BCH) has continued its downward move as BCH slumped to a $548 low. As BCH fell to a $548 low, the crypto’s price resumed fluctuation between $548 and $600.

On May 12, Bitcoin Cash (BCH) is fluctuating between levels $1,300 and $1,600. On the downside, if the bears break below the $1,300 support, the market will further decline to a low of $1,000. Meanwhile, the altcoin is trading at $1,508.96 at the time of writing.

Bitcoin Cash continues its bullish run as the coin approaches a high of $480. BCH has made over 90% bullish gains in its current uptrend. The coin has a smooth uptrend. This is not to say that the bears did not put up a fight.

The sideways trend is likely to continue for Bitcoin Cash unless  a possible breakout is achieved. December 11, Bitcoin Cash (BCH) is confined between the levels of $200 and $227.

Bitcoin Cash is under pressure with bears bent on breaking the support at $200. Since a week ago, sellers have been consistently testing the support to break it.

Bitcoin Cash falls as the critical support at $240 cracks. The BCH/USD pair is likely to hit the previous low of $200.

Bitcoin Cash Price Analysis: BCH breaks out of its consolidation and commences a bullish movement. BCH will resume its uptrend once the price breaks the previous high of $300.

Bitcoin Cash is trading above the $200 demand zone; a break will mean a downtrend continuation. The market also makes an upward correction; a break above the $280 supply zone will mean a change in trend.