Bitcoin Cash price analysis: BCH heading towards 2022 lows, bulls likely to see trend reversal closer to support

  • Bitcoin Cash coin price last night broke below a two-month support line falling below a falling trend line.
  • Recently, bears sold BCH coin near the key span A of Ichimoku Cloud (at $294) on the daily price chart.
  • The Bitcoin Cash coin belonging to the bitcoin pair is trading at 0.00771 satoshis, up a little over 1.6%.

Bitcoin Cash has traded in a range of $270 to $392 since the beginning of January. On the shorter time period, the most crucial levels of support and resistance are $270 and $300, together. Over the last two weeks, $276 has also served as a support level, but it has yet to become a bullish barrier.

Source: BCH/USDT by Tradingview 

BCH coin price activity on the daily price chart shows a bottom-low formation below a declining trendline (white). Meanwhile, the bears are ready to retest their 2022 lows following a two-month…

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