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July 02, 2023Bitcoin Cash drops from $291.53 to $275.64, losing $15.88 (5.45%) today.
Bitcoin Cash made an initial break below its 5 day Simple Moving Average at $262.37, a possible indication of a forthcoming negative trend.
In the short term, BCH is expected to maintain its recent downtrend and continue spiralling lower.
In the meantime, negative performances are also seen in other markets, after ending today's session at $0.786, EOS lost $0.034 and is trading around $0.752. TRON is down to $0.076, losing $0.002, after closing at $0.077 in the preceding trading session.
Positive performances can be seen by looking at other markets as FTX Token is up 9.54%.
Over the past 3 days, Bitcoin Cash has retreated 4.21% from a noteworthy peak of $304.34. BCH is currently trading with a market cap of 5.36 billion with an average daily volume of 699.73 million.
