Bitcoin Cash broke 200 level

2023年8月21日

Hi guys, let's review the current situation on Bitcoin Cash.

In my previous post I indicated that if Bitcoin falls under 28k then Bitcoin Cash drops under 200 level and that's what happened here. Bitcoin dropped up to 25k and Bitcoin Cash almost touched 160.
As it shown on the chart BCH almost touched upper bound of 160-145 support area and I think that now this area will play important role for Bitcoin Cash. I don't think that this level will be broken any time soon as I don't expect Bitcoin to break 25k support either. But probably BCH price now will be fluctuating between 160 and 200 prices.

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2023年8月24日

註釋

As was expected BCH price is touching a lower bound of 200-220 resistance area. Now let see if price can reach 220 level and stay above 200.
Overall I don't expect that BCH price will manage to go higher than 220 price.

2023年8月28日

註釋

Bitcoin Cash is trading as expected trying to break lower bound of 200-220 resistance area. It will definitely outperform Bitcoin when it starts rising.