Today, Bitcoin Cash has made a tremendous move as the market reached a high of $440. This is not the first time buyers will be testing this level. On January 4, BCH tested the $440 high but was resisted.
For the past 24 hours, Bitcoin Cash price has been hovering below and above the $320 resistance zone. Bitcoin bulls overcame their resistance on Christmas day but BCH failed to break its resistance convincingly.
The past 12 months have not been a bullish trading period in the market of cryptocurrency. Most popular cryptocurrencies including Bitcoin Cash, Stellar, 0x, Enjin Coin, Algorand, Zcash, Bitcoin Gold, Dash, and many others, were not favored during this Covid-19 pandemic period.