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Bitcoin Cash: Risk of More Losses Below $630
After forming a base above the $700 level, bitcoin cash price started a fresh increase. BCH broke many hurdles near the $750 level to move into a positive zone. The price even broke the $780 resistance and the 55 simple moving average (4-hours). However, the price failed to gain pace above the $800 level. A high was formed near $804 and recently it started a fresh decline. There was a clear break below the $750 and $700 support levels.There was a break below a major bullish trend line with support near $665 on the 4-hours chart of the BCH/USD pair. It even spiked below the $600 support level and traded as low as ... (full story)
