The price of Bitcoin Cash (BCH) is in a downtrend as buyers have pushed the cryptocurrency above the 21-day line SMA. The downtrend is likely to weaken as bulls have broken above the 21-day line SMA. The initial upside correction above the 21-day line SMA is encountering resistance at $210.
Bitcoin Cash (BCH) is in a downtrend after the cryptocurrency fell sharply to a low of $150 on May 12. The May 12 candlestick showed a long, protruding tail indicating support at $150. The long tail indicates that there is strong buying pressure at the current support.
The price of Bitcoin Cash (BCH) is in a downtrend after falling past the previous lows of January 2022. Currently, it has fallen to the low of $210 and has recovered. The current decline has reached the oversold area of the market.
Bitcoin Cash (BCH) price is in a downtrend as the price has broken below the 50-day line SMA. BCH Price was previously trapped between the moving averages. Price's break below the moving averages signals the resumption of the downtrend.