Post
Topic
Board Speculation (Altcoins)
Re: BCH price
by
Quarknet
on 16/03/2018, 09:53:24 UTC
This past week was mostly bearish since bitcoin cash price declined by more than $250 against the US Dollar. The price declined and traded below a few important support levels such as $1,200, $1,120 and $1,000. It even traded below the $960 support and traded as low as $905. Later, a recovery was initiated from the $905 swing low, but the recovery could not last long.

I have sold all my bch and seeing this i checked bch chart. I think that the $900  support will hold. If that support line will not hold then we may see it go down to $600. For that price i will personally buy BCH again.

I think the price of the BCH relative to BTC is important. That ratio is quite stable and above 0.1.