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Cryptopolitan 2021-08-25 05:42:45

Bitcoin Cash Price Analysis: BCH/USD retraces to $640, bears target $630?

TL;DR Breakdown Bitcoin Cash price analysis is bearish for today BCH/USD traded in a range of $636.38 – $648.34, indicating a moderate volatility  Bitcoin Cash Price Analysis: General price overview Bitcoin Cash price analysis is bearish for today as the market rallied more than 15 percent yesterday and set a new swing high at $683.Before retracing 4.35 percent back.  However, since BCH/USD started to consolidate, we made the assumptions that buyers could be exhausted, and therefore we anticipate a retracement later today. The overall digital currency market traded bearishly with almost if not all coins posting record losses over the last 24 hours. Bitcoin, Ethereum, and ADA lost 2.31, 4.30, and 4.50 percent respectively.  Bitcoin Cash price movement in the last 24 hours: Bitcoin Cash advances needs strong buyers to push it back to $700 BCH/USD traded in a range of $636.38 – $648.34, indicating a moderate amount of volatility over the last 24 hours. Trading volume has dropped by 4.31 percent and totals $2.764 billion, while the total market capitalization trades around $12.35 billion, ranking the coin in 13th place overall. BCH/USD 4-hour chart: BCH prepares for a retracement? On the 4-hour chart, we can see the Bitcoin Cash price action trading sideways overnight, indicating an upcoming retracement Bitcoin Cash price action has traded with a strong bullish momentum over the last month. From the previous m...

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