Bitcoin Cash crushing all resistance

3 thg 3

Hi everyone,

Bitcoin Cash price increased on 100% on this week and has reached 475 - 530 resistance area.

Bitcoin Cash didn't notice 380 - 420 resistance area but now this area might serve as support and BCH price can consolidate there before another pump.

In case if BCH price continues to pump it can reach 700 resistance level and afterwards retrace to 475 - 530 area.

If we look at the history usually BCH price doesn't pump for more than two straight weeks, so I guess that soon we can see some correction and probably consolidation before next pump.

I don't expect BCH price dropping much lower than 380 price level unless there will be strong correction on Bitcoin.

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7 thg 3

Ghi chú

As expected BCH went in to correction phase and currently is trading around 400 price level.
I expect consolidation in 400 - 500 price range for a while before next big pump.

31 thg 3

Ghi chú

Bitcoin Cash is moving towards 700 price level prior to its halving.
I remind that on next week there will be BCH halving and recent price pump is prior to this event.
There is possible correction afterwards but otherwise BCH continue to be bullish.

3 thg 4

Ghi chú

BCH almost tested 700 resisatnce area and from there went in to correction.
I think that first stop will be at upper boundary of 475 - 530 support area.

4 thg 4

Ghi chú

Bitcoin Cash just had halving happened and its price reacting on this event with rise on over 10%.
Let's hope that Bitcoin will also react the same way.

8 thg 4

Ghi chú

After some correction Bitcoin Cash again is trading around 700 price level.
There is a good chance that BCH can hold within that price range and even rise higher.