Huobi Group
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Huobi Group

What is Bitcoin Cash?

The Bitcoin Cash protocol, which aims to provide a solid, stable software and help lead Bitcoin Cash protocol development with an open and collaborative process.

Bitcoin Cash Special Event:

👉No Account On Huobi? Register

April 5th 1D BCH/BTC

📈Analysis

An initial plunge in the price of BCH during the market crash, and the subsequent rebound, may have created a range as BCH consolidates over a significant pivot around 0.03287247.

If this proves to be a range, the pivot marks the range’s center. Currently, the price is hovering over this pivot, with significant liquidity above and below the current region.

If the price climbs, possibly spurred by the block reward halving, a sweep above the range highs at 0.03750828 with a close below could provide bears with a short entry. The range EQ and the support near the range low and 2020 yearly open around 0.02843501 make reasonable targets.

A dip below the current region into the range pivot may result in a bounce, giving bulls an entry to target the range highs and possibly as high as 2019’s yearly open at 0.0401608. From tradeprophet

🔥Trade BCH On Huobi |🚀 Register On Huobi

👀Follow Us On Twitter @HuobiGlobal + @CoinMarketCal

👀www.huobi.com; coinmarketcal.com

Disclaimers: Digital assets are innovative trading products, and prices fluctuate greatly. Please rationally judge your trading ability and make decisions prudently. Please note that view and opinions are not of Huobi and are that of traders and analysts from various online communities including Coinmarketcal. As always do your own research and trade at your own caution when buying and selling all digital assets within the Huobi ecosystem.

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