Bitcoin Cash Recovers Only 16% of Slide as Bitcoin Wins Back 88%
- —BCH fell from $300.20 to $268.80 and bounced only to $273.80, recovering 16%
- —Bitcoin clawed back 88% of its slide, from $80,400 to $82,960 versus a $83,323 start
- —The BCH/BTC ratio lost 7.9% in a day: 303 BCH per Bitcoin versus 279
- —BCH funding rate sits at 0.009% per eight hours, showing no short-side overshoot
Why it matters: A break below the $268.80 low leaves no support until roughly $250, while a move back above $293 would negate the bearish setup.
Source: CryptoTicker