Bitcoin Cash (BCH), which turned its route up after touching $ 216, has increased by close to 15 percent in the last 24 hours.
Bitcoin derivative BCH, which has been in a downtrend since $258, tested $244 with a reaction from $216. BCH, which increased by 13.27 percent, slightly above the resistance zone, retreated from this level to $235.2. Derivative coin, which has been mentioned frequently during the rise of BTC, reminded itself with this price movement. What will BCH’s price movements look like from now on?
Bitcoin Cash (BCH) chart review
The BTC derivative, which accelerated upwards by reacting slightly below the support level, performed 13.27 percent in a short time. BCH, one of the most shining coins in BTC’s $30,000 journey, has re-emerged. In fact, the popular coin, which exhibited this price movement despite the depreciation of BTC, entered the radar of the crypto communities.
BCH is currently trading at $235.2. Persistence above $244 will make the short-to-medium term price structure more positive. The resistance points that can be followed in BCH’s bullish scenario are $268.3 – 289.6 – $315 and $329.1 respectively. With the price losing its momentum and retreating, a test to $220 and $187.3 is possible.
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