Materials by tag Bitcoin Cash

The bulls are unrelenting after their successful move to $360. In the last three days, BCH has been consolidating near $360 while the bulls attempt to retest the resistance. There is a likelihood of price rise as all the indicators are pointing in one direction.

Unexpectedly, Bitcoin Cash made a surprise upward move to a high of $360. The bulls have successfully penetrated the resistance levels of $200, $240, $270 before they were stopped at $360. There is still the possibility of its continuous move if the momentum is sustained.

BCH’s upward move suffers a hold up. The bulls made a surprise infiltration over the $240 resistance but failed to sustain the uptrend. BCH has been repelled and on a downward move to $227 low. At the current low, there are two possibilities.

BCH successfully made a breakthrough as it battles the $240 price level. This impressive upward move has been consistent since January 3. On January 6, the bulls were temporarily halted to take a pause. In other words, BCH is facing resistance at $240.

Surprisingly, the uptrend in the preceding week was foiled by the bears as the bulls failed to sustain the price above the $200 demand zone. Meanwhile, today BCH has moved up above the demand zone. Can the bulls sustain the upward move? In the previous analysis, BCH was trading at $205 and it was indicated that an urgent move must be taken or else BCH will go down. Expectantly, the bears took undue advantage and brought the pair to its low at $195.

It is worthy to note that BCH had a remarkable run above $200 and that the bullish move is ongoing. Undoubtedly, it is probable for the coin to attain the $227 or $240 price levels. Hopefully, BCH has crossed into the former larger price range. There are no foreseeable barriers as the coin accomplishes the previous highs.

Interestingly, BCH is making another impressive move to get to the supply zones. Can it breach the $197 supply zone? After the coin dropped to $170 low, the bulls were repelled at the $197 supply zone. The coin drops to $184 low. Today the bulls are making a repeat attempt on the supply zones.

Currently, BCH is fluctuating over $187 after testing the $200 supply zone. Previously, BCH had traded in the previous price range before its eventual breakdown. Two days ago, the bulls were unsuccessful at breaking the $200 resistance. The coin was resisted and it retraced to the $187 low.

The bears' overwhelming control above the bulls took the coin to a low of $170. Subsequently, the price corrected and retested the resistance at $190. The coin pulls back and makes a sideways move. The bulls have retested the resistance twice as it continues its sideways move.