Since price broke through the key resistance of the bearish channel
, price piked at $1900 during the middle of May. However since then price has been in a bearish channel
ever since, with the last key resistance now the current key support. Price has tested key support of the bearish channel
today, in which the current trend of the price is still inconclusive. From mid May to today, Bitcoin Cash
has lost at least 60% of its value. Look for clarity in direction through either a bearish
breakout or a bullish
rebound to the key resistance of the channel.