Here’s How BCH Price Will Cross $300!

Throughout the cool-off part of the 200% bounce in June, the BCH worth retested the 200-day EMA near the $180 mark. The short-term correction part led to a resistance trendline with decrease low formations. 

With the latest bullish comeback, the Bitcoin Money worth breaks the resistance trendline, signaling a breakout rally. Aiming to create a brand new larger excessive, the BCH worth is about to reclaim the bullish momentum. 

With an 18% restoration this week, the BCH worth exceeds the 50-day and completes the optimistic cycle within the potential vary. The vary is between $180-$228; presently, the value checks the overhead resistance. 

Regardless of the short-term resistance trendline breakout, the Bitcoin Money worth faces larger worth rejection at $228. It’s evident within the every day candle with a protracted wick and 4.72% intraday development. At present, the BCH worth trades at $217.82 and sustains above the trendline for the second. 

Lowering the potential for the demise cross for the second, the bounce again teases the vary breakout. With the unleashing of the trapped momentum inside the vary, the Bitcoin Money worth is about to lengthen the bullish development. 

Technical Indicators:

RSI indicator: The daily-RSI line spikes larger to the overbought boundary following the bullish divergence. 

MACD indicator: The reversal rally helps the MACD and sign strains get better with an growing bullish hole. 

When Will Bitcoin Money (BCH) Worth Attain $300?

With the market sentiments bettering as Bitcoin resurfaces above $26K, the BCH worth is about to rise. With the continued breakout rally gaining momentum, the Bitcoin Money worth can reclaim the $300 mark shortly. 

From the technical chart perspective, the BCH Money worth may shortly break above $228, resulting in a bounce to $300. Moreover, the SEC’s upcoming resolution on the Bitcoin ETF in October will likely be a pivotal level. 

On the flip aspect, a downtrend continuation from $228 can contact the 200-day EMA to retest the bullish dominance at $180.