Hi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash is in strong downtrend and isn't showing any signs of life. In my previous post about Bitcoin Cash I wrote that it is likely that price will go to 200 level. So far it goes slowly but surely. Even recent Ripple win in court against SEC didn't help BCH to climb to 300 and stay above. There is definitely no buyers in Bitcoin Cash and price will slowly drop to 200 and maybe even lower.
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Bitcoin Cash continue to trade in very narrow price range. There is nothing much is happening here. Most likely it will continue slowly decline towards 200 support. My idea remains unchanged.
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Bitcoin Cash continue its slow decline towards 200 support area. Nothing much is happening here. Just slow and boring decline. I still expect BCH price to drop at least to 200 support and from there we can expect some bounce.
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Everything goes as expected. Idea remains unchanged.