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June 21, 2023
Bitcoin Cash made its largest single-day jump of $24.38 (22.18%) since November 2022 and is now trading at $134.31.
Bitcoin Cash broke through the $111.31 resistance, climbing $23 above it. Bitcoin Cash made an initial breakout above its 200 day Simple Moving Average at $119.16, a potential indicator of a newly emerging bullish phase. Crossed the $121.88 Fibonacci level, next level is at $134.31. BCH has crossed the upper Bollinger Band® at $123.47, a potential sign that further gains are to follow.
Overall, looking at the technical analysis landscape, it seems BCH might continue pointing upwards in the short term.
Other markets are also showing gains as Bitcoin is up 6.78%. FTX Token is up 9.54%. Litecoin leaps up 6.7% to trade around $85.64.
BCH has shed 18.52% over the past three months. BCH has a market cap of 2.61 billion with an average daily volume of 77.61 million.
