BCH has found a pretty solid support level around 200 USD, but is this the bottom? I honestly don't think so.
Holders of BCH have the only way to deposit and sell their BCH from cold wallets at the moment (ViaBtc). And this way is not very well-known so I believe many people are still waiting for the opportunity to sell their coins. Morover some of marketplaces have not supported BTC hard fork (f.e Coinbase, Poloniex) and their users have not recieved any BCH yet. Poloniex users will receive their BCH at 14.08.2017 and Coinbase is planning to add BCH support in the begining of 2018.
That being said, the 3000+ BCH buy wall at 200$ price level is eaten for now and I am pretty sure the price will drop down to 150$ and even deeper in the nearest future. (probably after 14.08). But you have to be very carefull in short term trading, because there could be agressive speculative action and pumps to 250$ or even 300$ price levels.
Holders of BCH have the only way to deposit and sell their BCH from cold wallets at the moment (ViaBtc). And this way is not very well-known so I believe many people are still waiting for the opportunity to sell their coins. Morover some of marketplaces have not supported BTC hard fork (f.e Coinbase, Poloniex) and their users have not recieved any BCH yet. Poloniex users will receive their BCH at 14.08.2017 and Coinbase is planning to add BCH support in the begining of 2018.
That being said, the 3000+ BCH buy wall at 200$ price level is eaten for now and I am pretty sure the price will drop down to 150$ and even deeper in the nearest future. (probably after 14.08). But you have to be very carefull in short term trading, because there could be agressive speculative action and pumps to 250$ or even 300$ price levels.