Bitcoin Cash, Monero, Zcash Price Analysis: 13 September – AMBCrypto EnglishSeptember 13, 2020
The past week saw Bitcoin’s dominance drop from 61.6% to 59.5%, while Bitcoin surged from $10,000 to $10,500 over the same period of time. Bitcoin Cash appeared to be consolidating as traders waited for the market to decide upon a direction. Monero rose past a level of resistance and seemed to have flipped its level from resistance to support. Zcash was also on an uptrend, with ZEC intent on recovering its losses from early-September.
Bitcoin Cash [BCH]
Bitcoin Cash was in a consolidation phase. A few sessions prior to press time, however, the price appeared to have broken out as it moved towards the upper band of the Bollinger Bands. The mouth of the bands was also expanding, but the move had reversed quickly.
As shown by the white trendline, the volume for BCH has been falling for the past few moves. Combined with a constricted pair of Bollinger bands, it can be confirmed that BCH was consolidating on the charts.