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Bitcoin Cash: Upsides Likely To Be Capped Near $500
Bitcoin cash price failed to stay above $510 and $500 against the US Dollar. The price is now trading well below the $500 level and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides are likely to be capped near $500 and $510. Bitcoin cash price is consolidating losses above $445 against the US Dollar, similar to bitcoin. BCH/USD could recover, but the bears are likely to remain active near $500. Bitcoin Cash Price Analysis After a failed attempt to ... (full story)
