The article discusses the current price and market outlook for Bitcoin Cash (BCH). BCH has been struggling to break higher and has formed a descending triangle pattern. The daily volume for BCH has dropped by over 19%, and market sentiment has contributed to the slide in altcoin prices. The open interest in BCH across derivative markets has also declined. Most of the recently liquidated positions are long bets on BCH. The article suggests that the current price level of around $413 is critical for both bears and bulls. The BCH daily chart shows that the price is below a crucial support line, and further downward pressure could target the $300 zone. The Relative Strength Index and Moving Average Convergence Divergence indicators also favor sellers. However, there is a possibility of a bullish reversal if buyers can weather the downside pressure. Areas of interest for the upside potential include $500, $532, $600, and $700, while $300 is seen as a major support zone.



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