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Bitcoin Cash (BCH) price is making its way towards initiating a recovery with only one barrier standing in its way.
This resistance could be invalidated with the assistance of investors who could be returning to BCH.
The Bitcoin Cash (BCH) price surged by over 133% last month, reaching the Fibonacci level of around $681. However, it faced a bearish rejection at that point.
Consequently, Bitcoin Cash is currently undergoing a corrective movement this month. The duration of this correction remains uncertain.
Bitcoin Cash (BCH) price is experiencing an interesting phase, with strong market interest despite a contrasting signal.
With BCH finding support at $617, the cryptocurrency faces a pivotal resistance that could lead to significant price movements.
Bitcoin Cash (BCH) just marked a significant milestone in its lifecycle. The cryptocurrency has recently undergone its halving event at a block height of 840,000.
This once in a 4-years event finished in the early morning Asia time.
The recent market behavior of Bitcoin Cash (BCH) provides a textbook case study of investor sentiment and whale activity dictating the short-to-mid-term price directions.
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