BCH Breaks Two-Year Support, Risks New Lows

Bitcoin Cash (BCH) has fallen below its critical support level of $272, marking the end of a two-year trading range. The price briefly rebounded from its long-term support at $188 to around $240 but has since declined again.

The selling pressure intensified in May and June, with BCH losing nearly 42% in value during this period. Its strength against Bitcoin also weakened.

Despite some short-term bullish signs on lower timeframes, the overall trend remains bearish, and BCH is likely to drop below $200 if the downward momentum continues.