BCH is steadily climbing within a long-term uptrend, supported by a clear rising trendline on the weekly timeframe. Price is now approaching the major resistance zone where it has been rejected multiple times in the past, making this area a key barrier for bulls to break.
A strong weekly close above this resistance would open the door for a larger bullish continuation. However, if BCH gets rejected again from this zone, it may retrace back toward the ascending trendline for support before attempting another move upward.
$BCH
A strong weekly close above this resistance would open the door for a larger bullish continuation. However, if BCH gets rejected again from this zone, it may retrace back toward the ascending trendline for support before attempting another move upward.
$BCH
BCH-1.72%
