On Wednesday, Bitcoin Cash broke below yesterday’s support of $1,125, now approaching the $1,110 territory.
Earlier in the day, BCH/USD reached a high of $1,160 before a major cryptocurrency selloff occurred.
BCH/USD managed to recover from the latest selloff, now forming a bullish trend line after holding support at $1,090.
Bitcoin Cash Fails to Hold Support
On Wednesday morning, Bitcoin Cash broke below yesterday’s support of $1,125, now trading in the $1,110 territory and holding support at $1,090. However, the price decline didn’t last long to reach a Fib retracement level of $1,075. From its support …
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