Bitcoin cash price analysis: BCH under bearish shadow at $649 after brief victory

TL;DR Breakdown The latest Bitcoin cash price analysis is bearish with downward biast.The price has slightly decreased till $648.82.Support is still very strong at $619.4. The Bitcoin cash price analysis is indicating that a drop in price has occurred today which has caused the price to lower to $649. The past few hours have seen a bullish strike as well which has been quite strong. Yet, the bears have once again overcome the bullish momentum and have been successful in maintaining their lead. The price levels are dropping once again and there is a great chance of BCH going through further loss in the following week. Overall BCH/USD has gained a value of nearly one percent over the last 24 hours and a decrease of about 10 percent has been observed over the past week. BCH/USD 1-day price chart: Bulls back on track after saving price from falling below $649 The 1-day Bitcoin cash price analysis chart is showing that the price has improved as the bulls are rising once again. The day has been supportive for the buyers, as the price has increased up to $649. This can be considered a great accomplishment for the bulls, as BCH had faced a huge loss in the previous week. Other important values that could be extracted from the 1-day price chart include the moving average (MA) value which is currently set at $649.4. BCH/USD 1-day price chart. Source: TradingView The volatility is increasing as well which is considered a negative sig...