Bitcoin Cash (BCH) has seen a major increase in price, surpassing the $320 resistance level. It is currently consolidating and may continue to gain above the $350 resistance level. The price is trading above the $335 level and the 100-hour simple moving average. A clear move above $345 could lead to further gains, with the next major resistance at $350. Conversely, if the price fails to break the $345 resistance, it may start a decline with initial support at $335 and further support at $328. Technical indicators show the MACD in the bearish zone and the RSI above 50.
- Content Editor ( newsbtc.com )
- 2024-09-20
Bitcoin Cash Price Jumps 15%: Is This Just the Beginning of More Gains?