{"id":138111,"date":"2021-09-08T11:42:04","date_gmt":"2021-09-08T11:42:04","guid":{"rendered":"https:\/\/precoinnews.com\/?p=138111"},"modified":"2021-09-08T11:42:04","modified_gmt":"2021-09-08T11:42:04","slug":"bitcoin-cash-hovers-above-640-as-sellers-threaten-to-resume-the-downtrend","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-hovers-above-640-as-sellers-threaten-to-resume-the-downtrend\/","title":{"rendered":"Bitcoin Cash Hovers above $640 as Sellers Threaten to Resume the Downtrend"},"content":{"rendered":"

Bitcoin Cash (BCH) is in a downtrend as the altcoin fell to a low of $582. Today, the altcoin has risen to $655 as bulls have bought the dips.<\/strong><\/p>\n

In the last 48 hours, BCH has been fluctuating above the $640 support after the breakdown. Meanwhile, BCH has been moving in a range between $640 and $680. Buyers and sellers are still undecided on what to do next after the recent breakdown. If the bulls break through $680 resistance to the upside, it would signal a resumption of the uptrend. If the bears break below support at $640, the market will decline. It is possible that the downtrend will continue to the downside. Currently, Bitcoin Cash is moving in a narrow range as the bulls resume their upward movement.<\/p>\n

Bitcoin Cash indicator reading<\/h2>\n

BCH has fallen to the 48 level on the Relative Strength Index for period 14. The cryptocurrency is in a downtrend area and below the midline 50. The altcoin is above the 25% range of the daily stochastic. This suggests that BCH is in a bullish momentum as the market consolidates above the current support.<\/p>\n

<\/p>\n

Technical indicators: <\/h3>\n

Major Resistance Levels – $1,800 and $2,000 <\/b><\/p>\n

<\/b><\/p>\n

Major Support Levels – $600 and $400<\/b><\/p>\n

What is the next move for Bitcoin Cash?<\/h2>\n

After the recent breakdown, BCH has resumed its trading range above $640 support. Buyers and sellers are undecided on where to go from here as the altcoin continues to fluctuate above the current support.<\/p>\n

<\/p>\n

Disclaimer. This analysis and forecast are the personal opinions of the author and are a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing funds.<\/span><\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Cash (BCH) is in a downtrend<\/p>\n","protected":false},"author":3,"featured_media":138110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBitcoin Cash Hovers above $640 as Sellers Threaten to Resume the Downtrend - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-hovers-above-640-as-sellers-threaten-to-resume-the-downtrend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash Hovers above $640 as Sellers Threaten to Resume the Downtrend - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Cash (BCH) is in a downtrend\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-hovers-above-640-as-sellers-threaten-to-resume-the-downtrend\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-08T11:42:04+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/Bitcoin-Cash-Hovers-above-640-as-Sellers-Threaten-to-Resume-the-Downtrend.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-hovers-above-640-as-sellers-threaten-to-resume-the-downtrend\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-hovers-above-640-as-sellers-threaten-to-resume-the-downtrend\/\",\"name\":\"Bitcoin Cash Hovers above $640 as Sellers Threaten to Resume the Downtrend - 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