Bitcoin Cash Testing $500
Bitcoin Cash can't seem to hold on to the bounce it was experiencing.
After punching through the $520 support, BTC has tested the $500 psychological level which has provided support enough for two bounces. I don't anticipate this level to hold, as it appears we are still in the same downward trend line, which is now acting as a downward trend support. Next supported level once $500 breaks is all the way down at $397.
I do still really love this coin over Papa BTC, so am eagerly looking forward to cheaper prices.
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