Bitcoin Cash price trend shaky at $218 despite bulls

Bitcoin Cash price is seeing a spike with the market seeing positive correction up the hill. BCH price trend, however, is very volatile at the moment, and the charts are a tell-tale.

Bitcoin Cash price saw the weekly high at the two hundred and twenty-nine dollars ($229) mark on the 14th of October. The major market trend has been leading almost all the altcoins to a new low.

The digital currency market capitalization is at a decline, and it may soon be testing the two hundred billion dollars ($200B) support region.

Cryptocurrency total market capital chartCryptocurrency market capital price chart by Trading View

Bitcoin Cash price movement: What to expect?

Bitcoin Cash price movement has been volatile in the past twenty-four hours while the price tried to break past the two hundred and twenty-one dollars ($221) point but to no avail. 

The price of Bitcoin Cash price presently tests the two hundred and seventeen dollars ($217) support level. If it breaks through this level, it is expected to fall steeply while the resistance as at two hundred and eighteen dollars mark at the time of writing.

bitcoin cash price chart 1- 17 october 2019Bitcoin Cash price chart by Trading View

BCH price has dropped against the United States Dollar (USD). All in all, the BCH price has gone below the two hundred and twenty dollars ($220) price mark, while it tests support at two hundred and fifteen dollars ($215). With further decline, the BCH price may test support at two hundred dollars ($200).

Beyond the immediate point the resistance is observed at the two hundred and twenty dollars ($220) price mark, over which BCH price may retrace to the two hundred and thirty dollars ($230) resistance region.

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