$BCH

BCHUSDT

Perp

557.59

-1.68%

Technical Analysis

Bitcoin Cash (BCH) declined from the $607 resistance level on Monday, indicating reduced demand at higher price points.

Bears are attempting to push Bitcoin Cash below the 20-day EMA ($556). If they succeed, the BCH/USDT pair could slide to the 50-day SMA ($528) and continue down to $508.

Conversely, buyers will need to defend the 20-day EMA and push the price above $607 to maintain their advantage. The pair could then climb to $615 and continue to $651, where bears are expected to emerge.