Bitcoin Cash May Continue Bears

Bitcoin Cash May Continue Bears – Bitcoin cash against US Dollar saw bears from $160 high. BCH/USD declined below the $158 resistance level. The pair then saw a support near $155 and started to correct higher. The price with support near $155 slowly started a upside correction. The price broke the 50% Fib retracement level. globalexchange.

Global Exchange. The hourly chart shows that BCH price is struggling to break the $158 resistance level. The price might continue to break below $155 up to $151 level. Otherwise, the break above $158 may take the price towards $162 level. globalxchange. The hourly MACD for the pair is the bearish zone and RSI is below 50 level.