The post BCH Price Analysis: Is Bitcoin Cash Destined To Cross $300? appeared first on Coinpedia Fintech News
Breaking past the short-term resistance trendline, the BCH price struggles to find bullish momentum to prolong the breakout rally. Facing rejections from the overhead resistance at $228, the higher price rejections keep the breakout rally under the fence.
Moreover, a bearish pattern warns of Bitcoin Cash crashing under the 50-day EMA. Will Bitcoin Cash price manage to tap into the bullish trend momentum?
Moving sideways between the 50-day EMA and the overhead resistance at $228, the BCH price struggles to display a breakout rally. Moreover, the higher price rejection from the 38.20% Fibonacci retracement level warns of a downfall.
Despite the 18% jump a week prior to consolidation, the BCH price action shows a potential double top forming in the range. Trading at $208.84, the Bitcoin Cash price is struggling to sustain above the 50-day EMA. Further, the price action highlig
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