Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: Rockalo on October 14, 2021, 03:50:02 PM
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The price of Bitcoin Cash (BCH) is on the retreat again after retesting resistance at $640. Today, the market has dropped to the low of $572 and further downside is likely. Over the past week, BCH has settled between the 21-day line SMA and the 50-day line SMA.
Nevertheless, BCH is falling and if the price breaks below the 21-day line SMA, the altcoin will continue to fall. BCH/USD will hit the lows of either $510 or $490. Conversely, if the price retraces and finds support above the 21-day line SMA, this will signal the resumption of the uptrend. This would invalidate the bearish scenario. Meanwhile, BCH is trading at $572 at the time of writing. More information please click here
(https://coinidol.com/bitcoin-cash-620-correction/)
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Currently, the cryptocurrency market is in a state of disarray. In other words, the prices of all currencies, including Bitcoin, are rising much higher. Which is positive for every cryptocurrency holder. I think every investor should be patient. Because market conditions are expected to improve further. As well as the price of bitcoin cash is likely to increase several times.
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The Cryptocurrency market is not actually stable for now in case the Bitcoin cash is not able to sustain the above mentioned price of $620 there's no need to worry about the sudden drop in the price value of Bitcoin cash because all the altcoins market dumped you can see red candle everywhere.