Bitcoin Cash Price Analysis: BCH finding support around $550

TL;DR Breakdown The Bitcoin Cash price analysis is bullish.BCH/USD is now retesting the previous day’s high.BCH bounces back to $550 support but corrects a bit lower The Bitcoin Cash price is now extremely bullish, with the market retreating from its previous highs and forming another high low. As a result, we predict that when BCH/USD rises again, it will reach $680. Cryptocurrency heat map. Source: Coin360 Bitcoin Cash price movement in the last 24 hours: Bitcoin Cash sets another higher low Over the previous 24 hours, Bitcoin Cash prices fluctuated within a broad range of $535 to $549, suggesting little movement. Trading volume is at $6.73 billion, up 8.89 percent from yesterday’s value. Meanwhile, bitcoin’s market capitalization is around $10 billion. BCH/USD 4-hour chart: BCH set to break $600 again? On the Bitcoin cash price analysis 4-hour chart, we may see more momentum as bulls solidify their position and aim for new highs in the next 24 hours. BCH/USD 4-hour chart. Source: TradingView Following a brief consolidation, Bitcoin Cash’s price has been moving horizontally for the past several weeks as it attempts to break through $680–$700. After resistance at $690 was broken in the middle of August, a few-week pause ensued. On the evening of August 10th, Bitcoin Cash’s price fluctuated significantly. On August 16th, it fell from a peak of $1,145 to a low of $780. When the currency’s support ...