Bitcoin Cash Turns Down From $240 Resistance, Consolidates Above $200 Support
coinidol.com
Despite its upward move and the breaking of the resistance line, BCH turned down on March 27 and resumed consolidation between $200 and $240. The selling pressure is intense as the bulls fail to push BCH above $240 overhead resistance.
Certainly, the current bearish trend may have subsided, but BCH is at the bottom of the chart. Nevertheless, BCH will pick up momentum and rally above $280, if buyers are more at $240 resistance.
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