The price of Bitcoin Cash (BCH) is on the retreat again after retesting resistance at $640. Today, the market has dropped to the low of $572 and further downside is likely. Over the past week, BCH has settled between the 21-day line SMA and the 50-day line SMA.
Bitcoin Cash (BCH) price has fallen below the 50-day line SMA as bears overwhelm the bulls. BCH fell from $657 to the low of $496 as bulls bought the dips. Buyers have pushed the altcoin to a high of $524, but could fall further to a low of $450.
The price of Bitcoin Cash (BCH) is trading at $640 at the time of writing, with buyers losing the high of $715 to sellers as the market reached the overbought region. Today's price is rising to retest $715 resistance.