Bitcoin Cash Weekly Update, Moving Averages & Bullish Potential

I already looked at Bitcoin Cash recently, this time I want to see how the moving averages are doing here to compare with the other Crypto-projects. Good news for one pair is good news for other projects as well specially when they are in the same category. Bitcoin Cash is one of the big projects.

Here we can see BCHUSDT trading weekly above EMA34, EMA89 and MA200, while rising.

Resistance was found at $453, a fib. extension level. Once this level is broken as resistance you can expect a swift advance toward $680. It will be nice and easy. This is the last barrier and current price action is kind of mix.

It is good because this week trades at the highest since November 2024 coming from a low. It is bad because it is lower compared to 19-May on the wick but the week is yet to close.

A weekly close above $420 is highly desirable and favors the bulls, anything lower and we continue with a mixed situation. Make no mistake, the situation is mixed only short-term. The chart shows a clear bullish bias and there will be additional growth in the coming weeks and months. Only the short-term is questionable.

Bitcoin Cash, Bitcoin and the entire Cryptocurrency market is set to grow.

Thanks a lot for your continued support.

Namaste.