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Long-term bearish trend threatens Bitcoin Cash’s recovery from $200
['Akashnath S', 'Written By', 'Reviewed By', 'Benjamin Njiri', 'Gladys Makena', 'Muriuki Lazaro', 'Ishika Kumari', 'Kelvin Murithi']
AMBCrypto
Bitcoin Cash [BCH] fell below a range that it had traded within for over two years.
With Bitcoin struggling to climb back above $67k, and the market maintaining a bearish bias, here’s what Bitcoin Cash investors need to watch out for.
ADWill Bitcoin Cash bulls sink or swim at $200?
Therefore, this swing low is the one that must be breached to flip the weekly swing structure bearishly.
Lower timeframe Bitcoin Cash price action shows bullish signsThe 4-hour chart had a bullish swing structure.