Нисходящий тренд Bitcoin Cash утихает, поскольку он изо всех сил пытается восстановить бычий импульс

Цена Bitcoin Cash (BCH) находится в нисходящем тренде после падения ниже предыдущих минимумов января 2022 года. В настоящее время она упала до минимума в 210 долларов и восстановилась. Текущее снижение достигло области перепроданности рынка.

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.