La tendance baissière de Bitcoin Cash s'atténue alors qu'il s'efforce de retrouver un élan haussier

Le prix du Bitcoin Cash (BCH) est dans une tendance à la baisse après avoir dépassé les creux précédents de janvier 2022. Actuellement, il est tombé au plus bas de 210 $ et s'est redressé. La baisse actuelle a atteint la zone de survente du marché.

Timeline of Bitcoin-cash

Bitcoin fell by 9% the previous day, and across the altcoin market, short-term bullish setups were mercilessly wrecked. Just when coins like Bitcoin Cash and EOS appeared to break past their respective resistance levels, the intense sell-off forced them to suffer a sharp drop in prices.

Roger Ver, the early Bitcoin (BTC) evangelist-turned Bitcoin Cash (BCH) supporter known as ‘Bitcoin Jesus', is now voicing his support for Dogecoin (DOGE), calling it better than BTC. The strange turn of events comes as BCH continues to lose ground against its competitor BTC.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin Cash (BCH) sellers quickly pulled off a notable plummet from the 11-month $719 resistance.

Bitcoin Cash (BCH) price is in a downtrend as the price has broken below the 50-day line SMA. BCH Price was previously trapped between the moving averages. Price's break below the moving averages signals the resumption of the downtrend.