Bitcoin Cash, Synthetix, Algorand Price Analysis: 21 January

Bitcoin Cash, Synthetix, Algorand Price Analysis: 21 January

Bitcoin Cash, Synthetix, and Algorand posted losses over the past few hours as Bitcoin saw a wave of selling pressure. The defense of $32,000 for Bitcoin, or the lack of defense, would have a major impact on the altcoin market as well.

Bitcoin Cash [BCH]

Source: BCH/USDT on TradingView

BCH formed a descending triangle pattern (orange) and broke out to the upside. Yet, it was unable to push past $540 and formed a double top. Combined with selling pressure on Bitcoin, BCH was forced to cede…

… Continue Reading at: ambcrypto.com [source]

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