Bitcoin Cash retraces $11.54 from 1 year high, trades at $296.41

After hitting its highest point in 1 year at $307.94, Bitcoin Cash dropped by $11.54 and is now trading at $296.41.

Investors are seeking long positions as Bitcoin Cash price action surged above +100 — a key CCI threshold indicating an imminent bullish trend.

Despite suffering losses in today's session, technical analysis is indicating that Bitcoin Cash will undergo a significant bounce in the immediate term.

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.067, Dogecoin is up 5.42% today to currently trade at around $0.07. EOS is up 2.42%.

BCH has gained 1.49% over the last 2 days. BCH has a market cap of 5.76 billion with an average daily volume of 638.87 million.