Bitcoin Cash Price Analysis: 28 January

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Earlier this month, Bitcoin Cash soared to as high as $600 with a candlewick as far north as $629. Subsequent retracements tested the $400-region, but on the longer timeframe, the $400 and the $460-levels were being defended strongly. However, since mid-January, BCH has been unable to rise past $535.
Over the past week, Bitcoin Cash has been trading within a descending channel. The cryptocurrency’s movement might see a reversal to the upside over the next few