Bitcoin Cash (BCH)
Increased 3.15% in the last 24 hours to $ 480.10, climbing strongly with a lower session almost $ 454 after buyers intervened to reverse early weakness, according to the Coindek Research technical analysis model.
While a large part of the cryptography market fought under the pressure of global economic tensions and the drop in Bitcoin prices, BCH broke out at the end of the session, the volume has increased and that the levels of short -term resistance gave in.
This decision occurred in the midst of an increase of 21.98% of the negotiation volume 24 hours a day against the average of 30 days, confirming a change in participation and signaling that traders were positioned in force. A key purchase activity occurred throughout morning hours in the United States, with several volume peaks between 08:00 and 12:20 UTC. The last push above $ 468 was fed by aggressive purchases in the last hour of the analysis window.
Despite wider opposite winds – including a 3.5% drop in the market capitalization of total cryptography and the climbing of American -Chinese trade tensions – launch out for its relative resilience. The recovered levels of the room lost earlier this week and ended near the top of the day, with a high higher low -low pattern and a sustained accumulation with each break. Although short -term volatility can continue, BCH enters the next session with visible momentum and new support.
Strengths of technical analysis
- BCH exchanged in a 24 -hour range between $ 454.16 and $ 469.06, a swing of 3.26%.
- The day started with a drop at $ 454 over a volume above average (41K), but a rebound formed a base at $ 455 at $ 458.
- The volume peaks of 08: 00 to 10:00 a.m. reported an increase in the buyer’s interest, helping to increase the price to the resistance level by $ 468.
- The last hour experienced an escape from $ 462.75 to $ 468.77 (+ 1.3%), followed by a strong continuation of $ 480.10.
- A notable purchase volume struck at 11:27 (1,314 units), 12:15 (718 units) and 12: 20–12: 21 (3,600+ units in total), confirming the request.
- An increased trend formed with higher highs and higher stockings, reinforced by a sustained volume in the end.
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