TL;DR Breakdown The Bitcoin Cash price analysis is bullish.BCH/USD is now retesting the previous day’s high, having dropped over 15%.BCH is set to break $600 once again Analysis of the Bitcoin Cash price is bullish today as the market retraced yesterday’s gains and established another higher low. As a result, when BCH/USD rises once again, we believe it will break above $680. BCH/USD experienced a sharp drop yesterday afternoon, dropping from the $495 high to around $400. During this price action, BCH/USD retraced 61.8% of the previous move up before establishing a higher low at around $380. Although there wasn’t much trading activity. Cryptocurrency heat map. Source: Coin360 After some coins recorded gains and others losses, the market traded in a red zone generally. Bitcoin and Ethereum lost 6.79% and 6.29%, respectively. Losing cryptocurrencies include XRP, ADA, Binance Coin, and SOL. Bitcoin Cash price movement in the last 24 hours: Bitcoin Cash sets another higher low According to our Bitcoin cash price analysis, BCH prices fluctuated in a range of $510–$540 over the last 24 hours, suggesting little movement. Trading volume is $6.73 billion, up by 8.89 percent from yesterday. Meanwhile, the market capitalization is around $10.24 billion. BCH/USD 4-hour chart: BCH set to break $600 again? On the Bitcoin cash price analysis page, we can see increasing momentum as bulls consolidate their position to surge ...
