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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bitcoin-cash-price-analysis-fud-wildfire-catches-bch-prices-down-by-20/">Bitcoin Cash Price Analysis: FUD Wildfire Catches BCH, Prices Down by 20%!&nbsp;</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a market-wide FUD crashing altcoins, Bitcoin Cash price ends the consolidation range and falls under the 50-day EMA. Making two consecutive bearish candles, accounting for a 20% drop in BCH price, the breakdown rally tests the 200-day EMA. 
At the confluence of the 200-day EMA and the 61.80% Fibonacci level, a lower price rejection shows a resurgence in buying pressure. With smart money flowing at lower prices, a potential retest of the breakdown is possible.&nbsp; 
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The downfall from the 50-day EMA to the 200-day EMA shoots the trading volume higher, reflecting a boom in the selling spree. This aligns with the market conditions and reflects a stronger bearish side.&nbsp; 
Following the lower price rejection in the previous daily candle, the BCH coin price forms a Doji above the 61.80% Fibonacci level. This projects a potential reversal opportunity with a morning star pattern as a retest.&nbsp; 
The technical indicator shows a rise in underlying bearish sentiments with the bearish MACD histograms resurfacing. Preventing a bullish crossover, the MACD and signal lines restart the declining trend. Furthermore, the RSI line enters the oversold territory.&nbsp; 
<h2 id="will-bitcoin-cash-price-sustain-above-the-200-day-ema" data-name="will-bitcoin-cash-price-sustain-above-the-200-day-ema" class="wp-block-heading">Will Bitcoin Cash Price Sustain Above The 200-day EMA?</h2> 
With the lower price rejection in the previous candle and the market-wide FUD slowly getting under control, BCH price may find a reversal shortly. Furthermore, the confluence of the 61.80% Fibonacci level and the 200-day EMA at $175 provides a bounce pad for the BCH price.&nbsp; 
Considering the prices manage a reversal, the Bitcoin Cash price can reach the overhead resistance at $228. On the flip side, a downfall below $175 will crash the BCH price to $150.

Bitcoin Cash Price Analysis: FUD Wildfire Catches BCH, Prices Down by 20%!

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