Bitcoin Cash : Price Analysis, March 06

1

BCH/USD

We had recommended buying Bitcoin Cash on a breakout above the range, however, the bulls could not push prices above the 20-day EMA and the overhead resistance.




BCH




Now, the bears are likely to push prices to the lower end of the range at $1,150. If the BCH/USDpair breaks below this support, it is likely to fall to the pattern target of $950.

Our bearish view will be invalidated if the cryptocurrency breaks out of $1,355.

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