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Mr X

06/09 04:14

Bitcoin Cash (BCH) Compression Could Trigger $460

Bitcoin Cash (BCH) Compression Could Trigger $460 Rally If $420 Breaks

  • Bitcoin Cash is trading at $414, showing little movement as it consolidates in a narrow range.
  • Bollinger Bands are tightening on the 4-hour chart, hinting at a potential breakout.
  • Resistance remains strong near $420, with a move above this level possibly targeting $440 and $460.
  • Support levels at $400 and $380 continue to hold, maintaining a cautiously bullish structure.

Bitcoin Cash (BCH) is currently trading at $414, showing minimal change over the past few sessions as the market enters a phase of tight consolidation. The price action has been largely sideways, with BCH struggling to break above key resistance levels while maintaining a firm foothold above its immediate support. This flat movement suggests a period of indecision, but technical indicators point to an impending breakout.

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