BCH Faces Resistance at $500.0 Amid Bearish SignalsBitcoin Cash rose to $500.0, a resistance zone backed by the June 19 high. Stochastic reads 85.0, indicating short-term overpricing.
The 4-hour chart shows a possible double top pattern, suggesting consolidation. If BCH stays below $500.8, it could target $494.8 and, if selling continues, drop to $480.9.
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Bitcoin Cash Faces Pressure Below Key Resistance ZoneFenzoFx—Bitcoin Cash rose from $437.0 support, now trading near $461.3 and testing resistance backed by volume profile and the 50-period SMA.
If BCH stays below $470.8, bearish momentum may resume, targeting $437.0 and potentially $421.2. A bullish breakout could follow a close above $470.8, aiming for $478.0.