Bitcoin Cash Moves Up, Uptrend Uncertain


Surprisingly, the uptrend in the preceding week was foiled by the bears as the bulls failed to sustain the price above the $200 demand zone. Meanwhile, today BCH has moved up above the demand zone. Can the bulls sustain the upward move? In the previous analysis, BCH was trading at $205 and it was indicated that an urgent move must be taken or else BCH will go down. Expectantly, the bears took undue advantage and brought the pair to its low at $195.