Bitcoin cash reversed from resistance level $383.92

Bitcoin cash prices recently reversed down from the pivotal resistance level 383.92 (which has been reversing the price from the start of January) intersecting with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse from November.

 

Given the strength of the active daily downtrend and strengthening bearish sentiment that can be seen across the crypto market today – BCHUSD can be expected to fall further toward the next support level 350.00 (previous resistance from February, acting as support after being broken earlier this month).

BCHUSD - Primary Analysis - Mar-29 0742 AM (1 day)

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