The post Bitcoin Cash Price Analysis: With 11% Bounce From 200-Day EMA, Will BCH Price Cross $200? appeared first on Coinpedia Fintech News
Following the 200% rally in June, Bitcoin Cash lost almost half its value, falling under $200 and a falling wedge pattern. However, breaking under the support trendline, Bitcoin Cash finds a footing at the flat line of 200-day EMA.
With a YTD growth of 99.18%, BCH coin price inches closer to triple-digit growth in 2023 to beat other blue chip altcoins with this phenomenal return. Moreover, at a discount of 42% from its 2023 high questions, Bitcoin Cash shows strong potential for growth in the coming weeks.
BCH coin price finds an 11% bounce from the 200-day EMA to face off the supply inflow at $200, leading to a 3.07% drop today. However, the BCH coin price jumps back into the wedge and trades at $191.57.
Moreover, the daily RSI line resurfaces from the oversold zone and may soon challenge the overhead resistance of the 50-day EMA.
Moreover,
We współpracy z: https://coinpedia.org/price-analysis/bitcoin-cash-price-analysis-with-11-bounce-from-200-day-ema-will-bch-price-cross-200/
