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- BCH more efficient of the day, reaches the threshold of resistance.
- The chances of a reversal from this level.
Bitcoin Cash, a cousin separate from the largest cryptocurrency – Bitcoin – is more efficient on the day when all other major coins barely resist. But if it is possible to earn more, it's a big question mark, because the piece has reached a key resistance limit on the charts.
The BCH / USD exchange rate is up more than seven percent during the day, to 167.49 dollars, at the height of the day. BCH grew more than 60% after hitting a low of $ 104 in early January this year. On the 480-minute chart of this ambitious crypto, he has now reached a point of resistance where he can face stiff resistance and turn around.
But if for some reason, the bulls gather enough strength and exceed this resistance point of $ 165-170, the next key level to watch is $ 200.
Chart BCH / USD 480 minutes:
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