Bitcoin Cash remains in the same relatively tight trading range that it has been in since the turn of the year, with it currently bouncing off the daily 200 exponential moving average (EMA).
As the three-year anniversary of Bitcoin Cash’s infamous hard fork approaches, it has now lost 93.98% of its value with a market cap of $4.8 billion.
From a technical perspective, $204 continues to be the key level of support for BCH with price being propped up on numerous occasions dating back to September, 2019.
To the upside, meanwhile, the key hurdle for Bitcoin Cash is at $282 as this has been a point of rejection on three occasions since late October.
If Bitcoin Cash can can begin to establish a period of bullish momentum and take out $282, it will likely follow the trend of the wider cryptocurrency market and test the $329 level of resistance.
However, what often happens to altcoins when Bitcoin begins a bullish charge to the upside is that they suffer a sell-off, which seems to be the most likely short-term destiny for Bitcoin Cash.
Bitcoin Cash head honcho Roger Ver continues to be his vocal self about the functionality of BCH recently, posting images on social media about how the Bitcoin fork is being accepted at a merchant in Antigua.
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Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents:
US Dollar – BCHtoUSD
British Pound Sterling – BCHtoGBP
Japanese Yen – BCHtoJPY
Euro – BCHtoEUR
Australian Dollar – BCHtoAUD
Russian Rouble – BCHtoRUB
Bitcoin – BCHtoBTC
About Bitcoin Cash
Bitcoin Cash was born out of the idea of making Bitcoin more practical 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 was implemented and Bitcoin Cash was born on 1st 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 pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.