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Bitcoin Cash Stuck Below $200 as Sellers Dominate Every Rally Attempt
['Dan Saada']
The Currency analytics
Each time Bitcoin Cash pushes into local supply zones, sellers show up and kill the move.
Round numbers carry psychological weight in markets, and $200 has been a reference point for Bitcoin Cash traders for a while now.
Bitcoin Cash hasn’t managed to establish a solid support base in the current range, which means there’s no obvious floor if selling accelerates.
The wait-and-see attitude that’s settled in around Bitcoin Cash reflects genuine uncertainty about where it goes from here.
Frequently Asked Questions What is the main risk facing Bitcoin Cash right now?