Bitcoin Cash (BCH) price has broken above short-term resistance, hinting at a bullish move.
BCH has bounced back from the 200-day EMA, challenging the $228 level.
A breakout from $228 could push the BCH price to $300.
BCH retested the 200-day EMA near the $180 mark after a 200% jump in June.
BCH has broken the resistance trendline, signaling a potential breakout rally.
BCH has seen an 18% recovery this week and is currently testing overhead resistance.
Current BCH price: $217.82.
BCH is trying to avoid a death cross and is teasing a range breakout.
With Bitcoin resurfacing above $26K, BCH is predicted to rise and potentially hit $300.
A downtrend continuation from $228 could see BCH retest the bullish dominance at $180.
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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.