BCH investors must watch out for a move below these levels to minimize losses

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Bitcoin Cash forms both a triangle pattern as well as a range To buy or not to buy, that is the question Bitcoin BTC surfaced above the $20k mark for a few hours.

Timeline of Bitcoin-cash

The crypto market surpassed the $1 trillion capitalization mark yesterday. Although it has slipped below the price peg, the broader crypto market appears to be consolidating. Several assets are very attractive today. In this article, we'll consider the biggest crypto gainers. 

At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism.

The price of Bitcoin Cash (BCH) is in a downward correction as the altcoin falls below its moving average lines. The cryptocurrency fell to the low of $115.95 as bulls bought the dips.

Bitcoin Cash (CRYPTO: BCH) is trading lower by 7.04% to $119.80 during Tuesday's session after August CPI data showed worse-than-expected inflation. This has driven a risk-off sentiment and has also raised the potential for further Fed policy tightening to curb inflation.

Registering an 8% price uptick in the last seven days, Bitcoin Cash's [BCH] significant positive correlation with Bitcoin [BTC] might have been the factor responsible for the asset's failure to log double-digit gains in the last week. The price of the king coin itself grew by just 10% within the same period.

Several cryptos have proven to be resilient during the recent market crash and show significant upside potential. The current crypto market has made many investors lose hope in numerous blockchain projects, but let's explore the 5 cryptos that could prevail and set all-time highs.

Bitcoin cash fell to a two-month low on Wednesday, as a red wave swept through cryptocurrency markets. The token dropped by over 10% during today's session, hitting its lowest level since July. Apecoin saw a similar fate, plunging by over 10%.

Bitcoin Cash had shed 24% of its value in the previous 12 days. Leading coins like Bitcoin (BTC) and Ethereum (ETH) have also experienced double-digit losses over the past 26 days as a result of the broader market slump.

The price of Bitcoin Cash (BCH) has regained momentum after a recent drop to a low of $113. On August 20, BCH rose above current support to reach a high of $140, but then fell back.

The price of Bitcoin Cash (BCH) has sparked a glimpse of hope against Tether (USDT) as it attempts to flip key resistance with eyes set on $200. The price of Bitcoin Cash in recent weeks has been more gloomy as many altcoins rallied and produced gains of double digits while BCH continues to range.