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Bitcoin Cash (BCH) Challenges the Bears
BCH is rising despite declines.
Bitcoin Cash (BCH) was born from a hard fork of the original Bitcoin blockchain. BCH, which acted in accordance with its existence, did not pay much attention to the hopeless expectations in BTC.
As of today, BCH has separated from the market and erected a green pole of nearly 15%.
Bitcoin Cash made its mark on Tuesday by recovering the fastest from the recent declines and returning with lush candles. After Monday's big losses, BCH bulls moved to buy the dip in price, increasing BCH's global market cap by 1.55%.
BCH reached a peak of $210 earlier in the day after starting the week at a low of $181.
With this rally, Bitcoin Cash ended its four-day losing streak. Thus, it created a solid base for itself by pushing its price towards the $190 support levels.
The 14-day relative strength index (RSI) has also rebounded from its base at 35 and is currently hovering around 38.
If today's momentum extends into the rest of the week, BCH will be more likely to rally towards the key $220 resistance level.
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