{"id":30693,"date":"2024-03-27T23:06:38","date_gmt":"2024-03-27T23:06:38","guid":{"rendered":"https:\/\/icoinmarket.com\/bitcoin-cash-bch-price-could-drop-to-400\/"},"modified":"2024-03-27T23:06:38","modified_gmt":"2024-03-27T23:06:38","slug":"bitcoin-cash-bch-price-could-drop-to-400","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/bitcoin-cash-bch-price-could-drop-to-400\/","title":{"rendered":"Bitcoin Cash (BCH) Price Could Drop to $400"},"content":{"rendered":"
\n<\/p>\n
Bitcoin Cash (BCH) price is making another attempt at breaching the year-to-date high, although, by the looks of it, this may not happen.<\/p>\n
Multiple reasons are contributing to the bearish anticipation, but this could be turned around if BCH flips a crucial level into support.<\/p>\n
Bitcoin Cash price will potentially bear the impact of the bearishness exhibited by the whales. These large wallet investors tend to sway the direction of the price action. Historically, their selling has induced corrections, while accumulation has resulted in rallies.<\/p>\n
This time around, the outcome is expected to be bearish since the addresses hodling between 1,000 to 10,000 BCH have been consistently selling since March began. Nearly 50,000 BCH worth over $25 million were sold in the last week alone.<\/p>\n