Bitcoin Cash (BCH) Price Analysis for June 29

U.Today
U.Today

29 Jun 2023 4:28 PM

Has price of Bitcoin Cash (BCH) approached overbought zone by now?...

  • The cryptocurrency market is experiencing mixed movement, with some coins rising and others falling.
  • Bitcoin Cash (BCH) has seen a 4% increase in the last 24 hours.
  • On the hourly chart, BCH is trading near a local resistance level of $246, with a potential upward move towards the $250 zone.
  • On a bigger time frame, attention should be paid to the bar closure near yesterday's peak at $244, with a possibility of growth towards the $260-$280 area by the end of the week.
  • In the midterm, the resistance level at $259.6 is important, and there is a chance of a bounce back from the $260 zone until mid-July.
  • Currently, Bitcoin Cash is trading at $243.3.

The article provides a neutral analysis of the current situation of Bitcoin Cash in the cryptocurrency market. It presents different scenarios and levels to watch, without expressing a clear positive or negative sentiment.

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