The cryptocurrency market seems to be battling a bearish storm today. At the time of writing only Tether [USDT], the stablecoin is standing unnerved amidst a strong bearish market. The top players of the crypto market are exhibiting a slump in performance with Bitcoin Cash [BCH](https://bcfocus.com/news/crypto-facilities-adds-bitcoin-cash-contract-joins-companys-existing-bitcoin-ethereum-xrp-litecoin-futures-contracts/21103/) and Litecoin [LTC] experiencing a sharp dip.[Source](https://bcfocus.com/cryptocurrency-analysis/bitcoin-cash-bch-and-litecoin-ltc-technical-analyses-and-price-prediction-2018-202021302/21302/)


Akin to the other coins, Bitcoin Cash [BCH] is showing a steep fall disappointing investors. BCH has dipped by 8.87% in the past 24 hours. The prices which found support at $541.8 experienced a breakout and looks like it is heading towards the critical support level found at $480. While the prices are eyeing the $601 handle, the current resistance level is set at $576. The 100 EMA line trading at $551.88 is on a downtrend with the MACD in a bearish zone. BCH is currently trading at $510.3 and with a trading range between $506.4 to $576.4.

For more details:[Click here](https://bcfocus.com/)

![2018082107362226.jpg](https://cdn.steemitimages.com/DQmSFMGeLMh2uwjoj72mzhYdyoK1ncc6Gm97jy6QnJn7ovv/2018082107362226.jpg)