Bitcoin Cash Price Prediction: BCH could plummet to $550 as selling pressure mounts

in hive-116221 •  4 years ago 

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The Bitcoin Cash price had a significant rally in the past four days, gaining about 33% in value. BCH experienced a correction down to $620, and several indicators show that it could slip even further.  

On the 9-hour chart, BCH bulls are trying to defend the $640 support level, which is the 78.6% Fibonacci retracement level. The TD Sequential indicator has just presented a sell signal in the form of a red arrow pointing downward. 


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