On a day where bitcoin broke out of its $20,000 support point, BCH bounced on its own floor, climbing higher on Saturday. BCH was up by nearly 7% to start the weekend, whilst MATIC fell to its lowest point since last April.
Bitcoin Cash (BCH)
Despite yet another red wave in crypto markets on Saturday, BCH was able to evade this, and instead rose by almost 10%.
BCH/USD hit an intraday peak of $123.31 earlier in the day, which came less than a day after falling to a low of $109.11.
Friday’s bottom was the lowest level BCH has traded at since February 2019, and came as prices fell below the recent support at $110.
However, following this three-year low, bulls made a concerted effort to lift prices away from this point.
As of writing, earlier gains have somewhat eased, with bitcoin cash trading around $5 lower than today’s previous peak.