$BTC Cach
Bitcoin Cash (BCH) Shows Early Bullish Reversal on the 1H Chart
Bitcoin Cash (BCH) is currently trading around $519 after bouncing from the $505 support zone. The 1-hour structure shows early signs of momentum recovery as price reclaims short-term moving averages.
RSI has returned to neutral territory (52), indicating balanced momentum with room for upside expansion. Meanwhile, MACD is printing a bullish crossover, suggesting that downside pressure is fading.
Key levels to monitor: • Resistance: $523–$526
• Support: $505
• Major psychological support: $500
If BCH successfully breaks above the $526 resistance zone with volume confirmation, a continuation toward $540 becomes technically probable.
The structure suggests early accumulation rather than distribution, but confirmation requires sustained strength above resistance.
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