Bitcoin Cash ABC rose by 4.04% on Wednesday, following on from a 9.7% rally on
Tuesday, to end the day at $169.9.
Later on that day it went up to $172.99 with Bitcoin Cash ABC managing to break out
from the 38.2% FIB Retracement Level of $163 that has been pinning Bitcoin Cash
ABC back from a move through to $170 levels.
On that same day it went down to $159.70 and was as bad as it gets. Bitcoin Cash
ABC steering clear of the first major support level at $151.94 ahead of the afternoon
rally.
Bitcoin Cash ABC reach the highest value of $174.70 but when down quickly to
$167.94 and ended up at $170.00 for that day. This only shows that the market value
do fluctuate every hour and even every minute. And at the end of the day no one
really knows the outcome of the market value.
According on the analysis of one of the financial advisor in Wall Street’s. Bitcoin cash
will initially hit at $175.36 in a couple of days. But upon the continued support of the
cryptocurrency market, Bitcoin Cash will go up to $180.82.
Failure to hold onto $170 levels could see Bitcoin Cash pullback through the morning
down $167.94 to bring the day’s first major support level at $162.07 into play before
any recovery, sub-$160 levels unlikely to be in play on the day.