Bitcoin Cash failed to crack above $1,400 earlier today. Instead, the coin declined below $1,300, now trading at around $1,250.
A major resistance level has been established at $1,290.
A decline toward $1,200 could still happen in the short term as the BCH/USD moving averages are trending downward.
BCH/USD Dips Below $1,300 On Crypto Selloff
On Wednesday, Bitcoin Cash failed to move above $1,400 but instead fell sharply below the $1,300 price level. The price dip was so steep that it even broke the 76.4% Fib retracement level.
Currently, Bitcoin Cash is …
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