Can Bitcoin Cash (BCH) climb to $446 soon?

in SCT.암호화폐.Crypto • 8 months ago

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Falling Wedge Pattern: The daily chart shows a falling wedge pattern for Bitcoin Cash (BCH), indicating a strong bearish trend.

Recent Bullish Reversal: BCH recently bounced back from a key support level at $293, hinting at a potential breakout.

Crypto Market Recovery: With the broader crypto market recovering and optimism about rate cuts, BCH has surged about 10%.

Technical Indicators: Although BCH has moved above the 50-day EMA, it’s facing resistance from the 200-day EMA. This resistance is delaying any bullish breakout and keeping traders uncertain.

Fibonacci Levels: Looking ahead, BCH could climb to the 23.60% and 38.20% Fibonacci levels, potentially reaching prices of $387 and $446, respectively.

Read: Is Bitcoin Cash The Best Investment for 2024?
https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/

#bch #bitcoincash #bitcoin #crypto #steemit #cryptocurrency #btc
8 months ago in SCT.암호화폐.Crypto by
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