Bitcoin Cash (BCH): Investors Should Watch Out for a Close Beyond This Resistance
Bitcoin Cash eventually secured bounce-back opportunities following plummets towards the $96 record low. The downside journey emerged after the altcoin lost the baseline at $275 early in May. The token’s price has hovered around the Bollinger Bands’ upper band over the past two weeks while breaking into massive volatility.
A decisive closing beyond the $162 – $174 value area might support continued uptrends in the upcoming days. Meanwhile, closing beneath the nearest support might bolster selling strength to cancel short-term bullish tendencies. While publishing this post, Bitcoin Cash changed hands at $149.7, gaining 4.83% within the previous 24 hours.