The currency pair has broken through the green ascending and successfully tested the at $720.1. It stays below this level in the moment of writing. The currency pair is close to June’s lows but it is hard to say currently whether BCH/USD is going to reach them or reverse from current position.
We give chances to both scenarios on Thursday as there are no signals or even hints on future price fluctuations currently. We think that bears still have power and control over the market and are able to push Bitcoin Cash lower to June’s lows. Perhaps, this scenario is vital.
However, bulls prevent them from smashing the price currently. Buyers have also chances to reverse the situation in their favor.
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