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<ul class="news-points"> 
 <li>BCH’s buying strength has become weak since less money flowed into the market.</li> 
 <li>Despite a slightly bullish bias, the coin might only cope with consolidation around $262.</li> 
 <li>Traders evaded long positions, as signs emerged that BCH’s price could drop lower.</li> 
</ul> 
<a href="https://coinedition.com/tag/Bitcoin-Cash-BCH/">Bitcoin Cash (BCH)</a> has been forced to deal with retracement after a recent long period of printing green. Despite the decrease in price, the coin’s 30-day performance remained around a 149% hike. 
One reason why BCH, Bitcoin’s (BTC) 2017 hard fork rallied, was because of its inclusion in the EDX Markets exchange launch. As a result, BCH crossed the $300 threshold on June 30. 
<h2 class="wp-block-heading" id="h-a-rally-may-not-be-quick">A Rally May Not Be Quick</h2> 
Besides that, the BCH/KRW trading pair had the highest volume on South Korean exchange Upbit, CoinMarketCap revealed. This helped the cryptocurrency recover again on July 6 after an initial drawdown. 
But despite remaining in the top two trading volumes on Upbit, BCH’s price had decreased to $282 at press time. 
From the BCH/USD 4-hour chart, the Chaikin Money Flow (CMF) had fallen to -0.04. The CMF, crossing below the zero line indicates that BCH’s strength in the market could have become weak. …
The post <a rel="nofollow" href="https://coinedition.com/bitcoin-cash-bch-how-soon-before-the-push-to-reclaim-300/">Bitcoin Cash (BCH): How Soon Before the Push to Reclaim $300?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Bitcoin Cash (BCH): How Soon Before the Push to Reclaim $300?

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