Bitcoin Cash News Today – Bitcoin Cash BCH is Down by 0.02% Against the USD as Pin Bar Pattern Appears on the Chart – June 14th, 2020

  • Bitcoin Cash BCH Falls Lower Against its USD by 0.02% as Pin bar Pattern Appears on the Chart
  • Bitcoin Cash BCH trading volume is Down by More than 27.85% in the Last Seven Days 

Bitcoin Cash News Today – This morning, the price of Bitcoin Cash BCH token formed a pin bar pattern on the price chart. The price decline saw the token lose $0.85 of its value in the first four hours of trading today. This reflected a 0.36% drop in price against the USD. At the beginning of trading today, the price of the BCH token was $240.69. It was down by 0.02% from yesterday’s closing price. As the price of Bitcoin Cash BCH declines, so does the volume. However, it is important to note that Bitcoin Cash isn’t the only cryptocurrency that is crashing against the USD. Other cryptocurrencies are suffering a similar fate.

Bitcoin Cash BCH News Today – Trading Volume for Bitcoin Cash is Falling Along With the Price

As the price of the Bitcoin Cash BCH token is falling so is the volume. This morning, the BCH volume was down by more than 27.85% from the same time last Sunday. Last Saturday, the price of the token was also struggling and the volume was up by 52.51% from today’s volume. The token is the 4th most volatile today among the top 5 on CoinMarketCap. The price of the Bitcoin Cash token is now near the moving averages at 20, 50, and 100. This shows that the price momentum for the token is changing significantly. However, the token has managed to hold support above the 30 days moving average.

Bitcoin Cash (BCH) Price Today – BCH / USD

NamePrice
bitcoin
Bitcoin
$11,833.80
bitcoin-cash
Bitcoin Cash
$322.67

At the time of writing, the price of the token was $239.67. It is down by 0.21% against the USD and down by 0.20% against Bitcoin BTC. The trading volume over a 24 hour period is $1,236,496,478 and the market capitalization is $4,418,239,213. There is strong support at $235. As long as BCH is able to hold the line above this level, there is hope that the bears will not prevail. On the other hand, if it falls, it will retest the $230 level near-term. On the upside, the token is facing resistance at $240, $245 and $250. If Bitcoin, the Big Brother of Bitcoin Cash, is able to regain bullish momentum, the BCH token will follow its lead and it may be able to test the $250 level again. The next few days of trading will determine what direction the Bitcoin Cash BCH token will take.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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