The post BCH Price Analysis: Will This Pattern Push BCH TO $300? appeared first on Coinpedia Fintech News
As the overall market recovers, with Bitcoin taking a bullish step in October, the altcoins are on a positive track. Even though the BCH price breached the $250 mark in the first two days of October with a remarkable growth of 10%.
Despite this, the overhead supply pressure at the psychological level caused a sharp correction in the Bitcoin Cash market price. However, with the sentiment turning bullish, expectations for the Bitcoin Cash price prediction in 2023 remain optimistic.
Although there has been a recent correction, the overall trend of the BCH price suggests a bullish revival and a rise to higher levels. The bullish reversal from the buyers’ region at $180 and the 200-day EMA provided the Bitcoin Cash price with a springboard to regain momentum.
Moreover, the recent sharp correction to the $230 mark increases the chances of an inverted head and shoulder. Currently, the
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