- BCH / USD bears took control after a bullish Friday.
- The MACD shows sustained bearish market momentum.
BCH / USD daily chart
BCH / USD bears came after a bullish Friday as the price fell by $ 268.67 to $ 267.53. Price is moving in a descending channel formation and is currently sandwiched between the SMA 50 and SMA 200 curves. The MACD is showing sustained bearish momentum.
BCH / USD has strong resistance levels at $ 273.50 (50 SMA), $ 275.80, $ 283 and $ 288.75 (20 SMA). In contrast, we have healthy support levels at $ 264.75, $ 261 (200 SMA) and $ 250.65.