#btccash

Bitcoin Cash Price Slips Below $500, Eyes on $465 Before Potential $420 Move

Bitcoin Cash has encountered technical pressure as a widely followed indicator highlights a possible shift in short-term momentum. The TD Sequential, applied on the 3-day timeframe, has issued a sell signal. This indicator has historically identified price exhaustion points during strong trends. Following the signal, BCH dropped sharply, closing the latest session at $484.41, down by 5.10%.

The cryptocurrency’s price briefly reached a high of $514.60 before the sharp decline occurred. Market participants observed this correction following a prolonged upward movement. Currently, Bitcoin Cash is priced at $485.39, reflecting a 0.14% gain over the last 24 hours. Despite this minor daily increase, the recent candle structure shows the growing bearish momentum.#Write2Earn