Bitcoin Cash Price Prediction: BCH/USD looking forward to a falling wedge pattern breakout
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Bitcoin Cash alongside other major cryptocurrencies is making attempts at recovering from the losses encountered this week. BCH/USD explored the levels marginally under $260. This was a significant stretch downwards considering the fact that the crypto traded highs around $320 on August 17.
Recovery is however gradual as reflected by various technical indicators. The RSI made it from the oversold region but stalled marginally above 30. At the same time, the MACD is stuck in the negative region, putting emphasis on the prevailing bearish influence.
