Bitcoin Cash Analysis: More Gains Possible Above $700.
20 Aug 2021, 08:00
Bitcoin Cash Analysis: More Gains Possible Above $700
Bitcoin cash price is gaining pace above the $600 zone against the US Dollar, similar to bitcoin. BCH/USD must clear $700 for more gains in the near term.
Bitcoin Cash Price AnalysisAfter forming a base above the $600 level, bitcoin cash price started a fresh increase. BCH broke many hurdles near the $640 level to move into a positive zone.
The price even broke the $650 barrier and the 55 simple moving average (4-hours). Finally, it surpassed the $700 level and traded as high as $715. Recently, there was a downside correction below the $680 and $650 support levels.