Bitcoin Cash broke below a two-year trading range in May as key support at $272 was shattered by selling pressure. The cryptocurrency lost nearly 42% against Bitcoin in May. After bouncing from the $188 support to $240, the price has reversed since late June. The $165.4 swing low from August 2023 remains the critical level to watch for invalidating the weekly structure. The long-term bearish momentum is expected to continue and push BCH below $200.
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