Like in our last BCH/USD price analysis, we retain a bearish outlook. This overview is because of fundamental factors as the indecision around Nov 15, 2018 hard fork. It is also technical because prices are trading within a bear break out of early August. Then, we saw BCH melting down below $600.
Therefore, if we trade in line with our previous trade plans then it is likely that BCH/USD shall falter. Price could sink below $400 more so if their fork goes haywire. Inevitably this shall trigger a wave of sellers eyeing $250-$300 BCH all time lows.
But should there be consensus and BTC recover, enough momentum might build thrusting prices above $600. Thereafter conservative traders shall load up on dips with first targets at $850.
