JiyaJan

07/27 07:41

According to AMBCrypto’s technical analysis, BCH

According to AMBCrypto’s technical analysis, BCH once again tested a descending resistance line that previously triggered two major price drops — one in mid-2024 and another in early 2025.

Each rejection led to drawdowns of over 50%, making this test especially pivotal.

However, if BCH’s recent momentum continues and the price breaches the prolonged descending trendline resistance, it could open more room for continued upside movement. If this happens, there is a strong possibility that BCH could soar by 15% to 30% in the near future.

This scenario could only occur if BCH closes a daily candle above the $565 level; otherwise, history may repeat itself.

As of the 25th of July, Bitcoin Cash’s Relative Strength Index (RSI) stood at 64 on the weekly chart. That positioning indicates strong momentum but not yet overbought territory, suggesting potential for further upside if buyers hold their ground.

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