CandleFocus Bitcoin Cash Eyes $288 As Bears Take Charge After Trendline Rejection
2024-09-13
Author: Content Editor
Bitcoin Cash (BCH) is currently facing downward pressure and is approaching a key support level at $288. The failure to break above a trendline and the bearish momentum indicate the potential for further declines. Technical indicators, such as the Relative Strength Index (RSI), also suggest a negative market sentiment. If BCH breaks the support level, it could see further declines towards $211. However, if it holds above the support level, there could be a potential recovery towards resistance levels at $367 and $457. At the time of writing, BCH is trading at around $329, reflecting a 2.71% decline in price.
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