Bitcoin Cash (BCH) price is in a downward correction as the cryptocurrency asset is holding above the $280 support. BCH has resumed its upward movement after the altcoin retested the previous low at $280.
The bear market is overwhelming as altcoins trade below their moving averages. In other words, cryptocurrencies are in a downward correction at the bottom of the chart. The biggest losers among the altcoins are trading and buying at lower levels, while the upside is hindered below the moving averages.
Bitcoin is struggling above $38,000 support in the downtrend zone, while some of the best performing altcoins are trading in the uptrend zone. A few altcoins face the challenge of bears selling on every rally. These altcoins have resumed a new uptrend while others are struggling above the moving averages.