BCH/USDT daily chart

BCH/USDT daily chart

Gate Trade BCH Saturday, May 9, 2020 421 0

The 5th-ranked cryptocurrency on CoinMarketCap bounced from the lows and closed (UTC time) above $250. This suggests strong demand at lower levels. If the bulls sustain the price above the downtrend line, a move to $280.47 is possible.

Conversely, if the BCH/USD pair turns down from the current levels and breaks below $226.90, a drop to $200 is likely.