Bitcoin Cash is on the verge of a major price breakdown following a breach of the $ 282 support level.
Bitcoin’s controversial fork that spread three years ago has now lost more than 26% of its value since November 24.
It is complemented by the four-hour 200MA at the time of writing, though continued disadvantage is most likely over the coming days and weeks.
Downside price targets remain at the $ 242 and $ 204 support, but if BCH can start bouncing stomachs it may well re-test the $ 282 level.
BCHUSD Chart by TradingView
Much of it will also depend on whether Bitcoin can either cut its all-time high of $ 20,000 with conviction or whether it slips back to $ 17,650 to fill the gap on CME’s future.
Sales in Bitcoin would accelerate discounts for altcoins like Bitcoin Cash as investors seek to extract capital from more illiquid assets.
Conversely, if Bitcoin surges above $ 20,000 profit will eventually throw into altcoins like Bitcoin Cash, in which case it would likely see a rally to at least $ 357 in the short run.
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Pricing
Current live BCH pricing information and interactive charts are available on our website 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Prices are also available in a range of different currency equivalents:
US Dollar – BCHtoUSD
Sterling British Pound – BCHtoGBP
Japan Yen – BCHtoJPY
Euro – BCHtoEUR
Australian Dollar – BCHtoAUD
Russian Ruble – BCHtoRUB
Bitcoin – BCHtoBTC
The Bitcoin Cash
Bitcoin Cash was born of the idea of making Bitcoin more viable for small day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid, which was proportionately too large for small transactions. A change to the code born Bitcoin Cash was implemented on 1 August 2017.
More Bitcoin Cash news and information
If you want to find out more information about Bitcoin Cash or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started:
As with any investment, it’s worth doing some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page does not recommend specific currencies or whether or not you should invest.
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