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Bitcoin Cash increased a little in the short term as Bitcoin rebounded after its previous drop. The altcoin is trading at 192.05 at the time of writing. In the short term, it is moving sideways, so we have to wait for fresh trading opportunities.
BCH/USD jumped by 11.21% from Wednesday's low of 176.75 to 196.56 yesterday's high. In the last 24 hours, the altcoin is up by 2.18%.
Technically, BHC/USD is trapped between 199.40 and 178.47 levels. Escaping from this formation should bring us new trading opportunities.
It has dropped within a down-channel pattern. So, as long as it stays below the downtrend line, the altcoin could extend its sell-off.
In the short term, it could continue to move sideways. A new higher high activates further growth at least until the downtrend line. Still, only a valid breakout through the downtrend line activates a larger growth and brings new longs.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
