Aliens TLDR

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin Cash has a +0.99 price correlation with Bitcoin , which meant that the movement of Bitcoin Cash on the charts pretty much follows the movement of Bitcoin.

From June 2021 to December 2021, Bitcoin Cash ranged from $732 to $400.

Since November 2021, Bitcoin Cash has been in a steady downtrend and slipped beneath the longer-term range lows at $400.

Usually, a move back above 40 on the RSI can be said to indicate weakening bearish momentum, but that has not yet transpired for Bitcoin Cash.

Bitcoin Cash is bound to follow Bitcoin’s trend, and if Bitcoin can not break out past the $30k and $32k levels in the weeks to come and instead drops below the $28.5k level once more, fresh lows can be expected for BCH as well