Bitcoin Cash (BCH) price forecast - BCH trade below $100

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After a big dip yesterday, the price of Bitcoin Cash is down today. The fall comes as no surprise, as the coin had just taken an eight-day plunge.

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Some traders are still trying to figure out how to make money. The markets are currently getting battered and this may be a factor.

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The current bearish trend we are seeing is due to the price hitting the upper trend line of the descending channel. The channel has persisted despite the volatile time since the split.

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The first sign that the price had turned bullish was when the price broke through the upper trendline on  September 9.

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The prices went up and down over the last couple of weeks. My prediction is that we will see a slight price increase today, with more chances of dropping below the $100 price level.

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