Support Levels – $165, $170
Resistance Levels – $190, $200
Key Points
- Bitcoin Cash ABC price could not break the $200 resistance and is trading lower.
- There is a bearish line formed with resistance close to $193.
Bitcoin Cash ABC price lowered after being unable to break the key resistance at $200 against the US Dollar. BCHABC must move above $190 and $200 resistances to climb further higher.
Bitcoin Cash ABC Price Analysis
Bitcoin Cash ABC is currently trading at $185 (at the time of publishing) according to CoinGecko. Yesterday, the Bitcoin Cash ABC price could not break the resistance around $190 to $195 against the US Dollar. BCHABC corrected lower and went below $180. A support was formed between $160 and $170. The price moved higher and retested the $195-200 zone where sellers showed up. The price moved down and is currently trading in the $180 level. There
isa resistance on the upside close to $190.
Currently, BCHABC price is struggling to rise beneath the $200 resistance. The key supports are between $165 and $170, which if broken can lower the price to the next support around $150.
