Bitcoin Cash Approaching The Resistance

Bitcoin Cash has been performing exceptionally well for the past 48 hours. It has gained 135%, moving from the $520 all the way up to $1200.

But now it is meeting the first resistance that could potentially result in a correction towards the previous resistance, which now is the support – $900. Although the trend remains very bullish and breaks above the $1230 resistance should not be a surprise.

In case BCH/USD will go further up, the next obstacle will be the $1660, but perhaps it will not stop even there.

Anyway, those two are the current resistance levels, $1230 and $1660, both of which should be watched for either a breakout or a rejection.

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1 COMMENT

  1. yep, the support was at $1250 and lasted less than 10 seconds. Small correction seems real at $2000 or more, I think at $30 000 000 000 mcap.

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