Bitcoin Cash has earlier risen to a high of $297. However, for the past three-day price movement has been stalled below $300 resistance. On July 30, buyers were attempting to break the resistance but were repelled.
Bitcoin Cash has made a surprise move in the last 48 hours to reach the $245 high. For the past week, sellers have pushed the coin to a low of $205. The bulls responded immediately and corrected upward above $220.
Most newcomers to the cryptocurrency market are aware that bitcoin is not the only digital currency they can use. However, they are also sure there is only one Bitcoin. That is why they might get very confused to learn there are more than one of them.