Bitcoin Cash short-term Price Analysis: 27 November
Bitcoin Cash’s price witnessed a small surge, however, this was only a brief affair. Given the recent price activity in the Bitcoin market, its hard fork has also been witnessing a restricted price action.
As the price fell from $371 it has now been trading at $263.10. At press time the BCH has registered a market cap of $4.9 billion and a trading volume of $3.5 billion.
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/11/27193749/BCH-6.png)
The above chart of Bitcoin Cash noted the falling value within a descending channel. After the dip, the price has reversed higher as a matter of retracement. The price currently is consolidating between the support at $259.26 and resistance at $279.45.
There have not been signs of a price swing in the market despite bearish indications
Learn more about the analysis here. (https://eng.ambcrypto.com/bitcoin-cash-short-term-price-analysis-27-november/)