BITCOIN CASH
BCH currency has returned to test the same area where it has repeatedly stopped before and reversed price. This indicates that a key level has been under pressure for some time. When we see the price expanding higher peaks and holding above recent support levels, it shows that a move toward higher regions is preparing to happen.
As for me, if it clearly breaks the current resistance, the most likely path is to reach the yellow zone between 950 and 1100, as it's an old price gap and the market always tends to fill such gaps.
However, if it pulls back slightly, this is normal within a consolidation phase before the major upward move. It must remain above 520 to keep the positive outlook ongoing.
#bitcoin #BTC #bitcoincash #BCH #BCHUSD
$BCH $BTC
BCH currency has returned to test the same area where it has repeatedly stopped before and reversed price. This indicates that a key level has been under pressure for some time. When we see the price expanding higher peaks and holding above recent support levels, it shows that a move toward higher regions is preparing to happen.
As for me, if it clearly breaks the current resistance, the most likely path is to reach the yellow zone between 950 and 1100, as it's an old price gap and the market always tends to fill such gaps.
However, if it pulls back slightly, this is normal within a consolidation phase before the major upward move. It must remain above 520 to keep the positive outlook ongoing.
#bitcoin #BTC #bitcoincash #BCH #BCHUSD
$BCH $BTC