Bitcoin Cash (BCH) saw its second round of downtrend as it fell to a low of $384 and resumed its upward correction. Price corrected upwards to $416 at the time of writing, but selling pressure is likely to continue.
Bitcoin Cash (BCH) has made positive moves to the upside since June 23. Today, buyers are pushing the cryptocurrency higher as the market reaches the $526 high. Currently, BCH is facing a counterstand as price approaches the resistance zone.
Bitcoin Cash (BCH) is making positive moves after rallying above $430 support. After the rally, buyers successfully pushed the cryptocurrency to the $540 high. Unfortunately, the bears have pushed back the bullish momentum as the altcoin resumes the downside move.
Bitcoin Cash (BCH) is in a downtrend to the $387 low as the bears broke the previous low at $467. BCH fell to the current low and pulled back, showing a long candlestick tail. The long tail describes strong buying pressure above current support. This price action prompted the bulls to buy the dips.
Bitcoin Cash (BCH) rebounded above $680 support to resume an upward move. The current uptrend is targeted to retest or break the $800 resistance. For the past three days, BCH fell and found support above the $680 for a possible uptrend.