BCH Price Analysis: Is Bitcoin Cash On The Road to $300?
Coinpedia
18 Sep 2023 8:56 AM
Over the weekend, BCH experienced a slight dip, returning to test the 50-day EMA's resilience. Yet, as Monday rolls in, kickstarting a new week, BCH...
- BCH price experienced a post-retest reversal from the 50-day EMA, indicating a bullish resurgence.
- The price has successfully surpassed the 50-day average and is currently positioned at $213.
- BCH faces a challenge at $228, but if it breaks this resistance, it could reach $300.
- Technical indicators, such as RSI and MACD, suggest a bullish sentiment.
The article has an overall positive sentiment, highlighting the potential for BCH price to increase and the bullish sentiment in the market.
You May Ask
What is the current price of Bitcoin Cash (BCH)?What is the resistance level that BCH is facing?What are the technical indicators suggesting about the price trend?What role could the SEC verdict on Bitcoin ETF play in BCH's price direction?What is the potential price target for BCH if it breaks the $228 resistance level?