BCHUSDT Supply Zone Break & Sustained Bullish Phase
Since June 2023, Bitcoin Cash experienced a significant shift from bearish to bullish sentiment following its breakout above the crucial supply zone. The subsequent re-test of this zone turned it into a support/demand area.
Notably, the most recent clean rejection at the 50% Fibonacci level during a yesterdays' dump underscores buyer interest at this price point. This supports the active bullish phase, increasing the probability of a continued long-term uptrend.
With attention drawn to two key resistance areas at $433 and $574, there's a potential upside of 110-175% for BCHUSDT in the coming month or two.
Notably, the most recent clean rejection at the 50% Fibonacci level during a yesterdays' dump underscores buyer interest at this price point. This supports the active bullish phase, increasing the probability of a continued long-term uptrend.
With attention drawn to two key resistance areas at $433 and $574, there's a potential upside of 110-175% for BCHUSDT in the coming month or two.
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📱 Telegram: t.me/Tradensee
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.