Bitcoin Cash has been stable at the $180 mark, a significant support level.
The 50-day EMA is declining, indicating a potential death cross with the 200-day EMA.
A breach of the $228 level (38.20% Fibonacci mark) could set BCH on a path to $300.
BCH is currently trading between two key Fibonacci levels: 61.80% and 38.20%.
The price has dropped by 39% in the last two and a half months and is currently trading at $190.
Technical indicators: RSI shows a sudden increase, avoiding the oversold boundary, while MACD maintains a sideways trend.
The Bitcoin ETF approval by the SEC in October could be a significant catalyst for BCH's price.
A technical breakout could lead BCH to the $228 level, a 20% increase from the current price, with potential to reach $300.
A continued downtrend below the 200-day EMA could lead to a significant drop to $100.
The 50-day EMA is declining, indicating a potential death cross with the 200-day EMA.
A breach of the $228 level (38.20% Fibonacci mark) could set BCH on a path to $300.
BCH is currently trading between two key Fibonacci levels: 61.80% and 38.20%.
The price has dropped by 39% in the last two and a half months and is currently trading at $190.
Technical indicators: RSI shows a sudden increase, avoiding the oversold boundary, while MACD maintains a sideways trend.
The Bitcoin ETF approval by the SEC in October could be a significant catalyst for BCH's price.
A technical breakout could lead BCH to the $228 level, a 20% increase from the current price, with potential to reach $300.
A continued downtrend below the 200-day EMA could lead to a significant drop to $100.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.