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BCH is currently at spot #4 in terms of total market capitalization.
At the time of writing, BCH price is currently sitting at $540, slightly below yesterday's level. It looks a bit worse than yesterday, since it finally break below the dynamic uptrend it had formed. Right now it's sitting along the short term support of $540. Again, it's most important that it manages to hold this level, after that we'd hope it can establish more support at $560 if it can find the buying pressure to nudge it in that direction. After that, we'd look to see if it can decisively break above $590, where we'd hope it established support first before having another attempt at $610.
On the downside, if it breaks below the $540 support, we would probably see it ranging between $500 and $540. But if it breaks below $500, next level we'd look at way down would be $475.
On the daily chart for BCH, technical indicators give a bearish outlook although slightly worse (15 sell, 10 neutral, 1 buy)
On the weekly chart for BCH, technical indicators also give a bearish outlook (12 sell, 9 neutral, 1 buy)
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