Bitcoin Cash Falls and Exhausts Selling Pressure as It Consolidates Above $200 S

[MRM]

On September 1 uptrend, buyers failed to sustain Bitcoin Cash (BCH) above the $300 resistance. The overwhelming selling pressure broke the $280 support and BCH fell to $203 low.

Later, the price was corrected upward above $220. Nevertheless, the selling pressure may have reached bearish exhaustion but the coin may revisit the $200 support level.

Bitcoin Cash price Long-term Analysis: Bearish
Source: https://coinidol.com/bch-price-selling-pressure/

[highnayem34]

Bitcoin Cash is in a descending channel. The downward movement will resume if price breaks and closes below the support line of the descending channel. BCH is below the 30% range of the daily stochastic. It indicates that the coin is in a bearish momentum and approaching the oversold region.