Update: Our BCHBTC Analysis was Flawless!!

We wrote a fairly detailed analysis of BCHBTC here. We identified the fact that BCH has broken some key levels and seemed poised for a run to the 0.07's. In fact, at the time of this writing, Bitcoin Cash seems to be hovering at around 0.071 against Bitcoin. We stand by our other assertion, that 0.06624 seems like a hard lower bound for this pair for now. If it breaches this level, there is a vacuum zone until the lower 0.05 handle, 0.051 to be exact. If 0.06624 does not hold, BCH will be safely ensconced in this price range for some time. At that point, we'll face significant resistance in the 0.07s (where we now find support). It should prove very difficult for BCH to achieve 0.087, which is the upper bound of the flag pattern we've identified previously.

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