Bitcoin Cash rallies over 8% after Binance announced support of Bitcoin Cash hard fork
|- Bitcoin Cash price held decent gains of around 7%, after spiking to the upside in afternoon trading.
- Binance announced through their blog, they will be supporting the Bitcoin Cash hard fork.
- Within 3 hours of trading BCH/USD rallied some 8%, following the news.
BCH/USD 60-minute chart
Spot rate: 457.5
Relative change: +7.22%
High: 463.2
Low: 425.2
Trend: Neutral
Resistance 1: 463.0, resistance on 60-minute.
Resistance 2: 467.8, 18th October.
Resistance 3: 470.0, supply zone.
Support 1: 456.3, support on 60-minute.
Support 2: 443.1, demand area.
Support 3: 431.5, on top of bull flag.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.