Posted on: October 14, 2020 Posted by: admin Comments: 0

At the time of writing, Bitcoin Cash witnessed a dip in its buying pressure and investors could benefit from the BCH market’s overall bullishness. The recent dip may be an optimal entry point, as the digital asset is poised for good returns in the short term.

The Monero market too, was bullish on its daily chart, while the Basic Attention Token was seen heading into the red zone.

Bitcoin Cash [BCH]

Source: BCH/USD on TradingView

Bitcoin Cash had recently jumped above its support at $ 249.509 and further maintained a price level above the trendline.

Depicting a strong signal of a green BCH market, the digital asset was up by nearly 5% since yesterday. The Relative Strength Index was above the 60-level indicating presence of buying pressure, although a small dip was visible during the day.

The recent dip could also be attributed to the high volatility seen from the widening Bollinger bands. The overall trend however continues to be bullish in the short to medium term and the uptrend is likely to persist.

Monero [XMR]