BCH is currently at spot #4 in terms of total market capitalization.
At the time of writing, BCH price is currently sitting at $564. After its breach of $540 yesterday and following retracement, BCH made another attempt and successfully broke through $540.
As we mentioned yesterday, the next level we were looking at after $540 was $590, which it did actually breach on one big green hourly candle, yet it ran into resistance at $610 and subsequently retraced lower to get it to where it is at the moment. Right now, on the upside, we'd look for BCH to retest $610. On the downside, we'd look for it to hopefully hold the $540 level as a support, and below that, $500 followed by $475.
On the daily chart for BCH, technical indicators give a bearish outlook but better than yesterday (14 sell, 10 neutral, 2 buy)
On the weekly chart for BCH, technical indicators give a more bearish outlook (13 sell, 8 neutral, 1 buy)
As always, if you have any questions, don't hesitate to reach out via email or through our Telegram group! (links below)
\
How to get in touch with us:
Follow us on Steemit - 
Join our Telegram group - https://t.me/joinchat/GXO2tBJ1TWgm0AHo9d4Scw
*We're always around to be of help in all things crypto and blockchain :)
Email us - [email protected]
DISCLAIMER
NO FINANCIAL ADVICE – The information on this blog is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this blog is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this website and provided from or through this website is general in nature and is not specific to you the Reader or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this blog or any affiliated channel without undertaking independent due diligence and consultation with a professional broker or financial advisory. You understand that you are using any and all Information available on or through this website at your own risk.
RISK STATEMENT – The trading of Bitcoins and alternative crypto-currencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.