💥💥💥 Technical Analysis of BCH 💥💥💥
Bitcoin Cash (BCH) has broken below the 20-day EMA line ($560), indicating that the bulls are gradually losing control.
The next support area below is the 50-day SMA line ($534), followed by $508. This movement suggests that the price of Bitcoin Cash may continue to fluctuate within the range of $443 to $615 for some time.
Buyers will need to push and maintain the price above $615 to signal a resumption of the upward trend. At that point, the BCH/USDT pair may challenge the important resistance area above at $651.
BCHUSDT
Perp
544.91
+2.85%