Bitcoin Cash Struggles with $1300

Bitcoin Cash is also clinging to an extremely narrow range between $1,256 and $1,300. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, we must break through the central moving average of the KRI currently at about $$1,300, the upper bound of the current range which is also a psychological level. This will be a tremendous hurdle for BCH. Further levels from above include $1,400, $1,438, $1,500, and $1,522.

Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!

For daily commentary on cryptocurrencies, subscribe to our newsletter!