Markets· ★★· bearish·

Bitcoin Cash Falls 5.05% to $270.95, Tests Technical Support

  • —BCH at $270.95 with a $5.44B market cap, below short MAs and VWAP
  • —Daily volume of $155.58M is 26.64% below the 30-day average of $212.06M
  • —RSI at 43.6 and bearish MACD favor caution over aggressive buying
  • —Support references from the data: $262.11 and $256.33
Why it matters: The drop came on thin volume, so it does not confirm capitulation; a rebound needs support to hold with rising volume.
#BCH
Source: DiarioBitcoin
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