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Friday

25 June 2021

Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 | Live Bitcoin News

Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 | Live Bitcoin News


smart summary beta

BCH broke the $650 support level and the 55 simple moving average (4-hours) to move into a bearish zone.

It is now trading well below $650 and the 55 simple moving average (4-hours).

The next major support is near the $550 level, below which bitcoin cash price could dive towards the $500 level.

Looking at the chart, bitcoin cash price is clearly trading well below $650 and the 55 simple moving average (4-hours).

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