Bitcoin Cash (BCH) spot check 📉
$BCH is trading around $229, down ~1% in 24h — and nearly 19% over the last 7 days. RSI is sitting near 24-30, deep in oversold territory, while price holds well below its 50-day average near $287.
Support: $226.50, then $214
Resistance: $235.60, then $249
A close above ~$237 would weaken the bearish case. Until then, BCH is still in a downtrend — and oversold can stay oversold.
Bitcoin is holding ~$73,800 while spot BTC ETFs saw a 4th straight day of outflows (-$95M Tuesday, IBIT -$78M). Fear & Greed at 29 (Fear).
Verdict: watching $226 support — lose it and $214 is next. No chasing here.
Not financial advice. DYOR.
#BitcoinCash #Crypto #Altcoins
$BCH is trading around $229, down ~1% in 24h — and nearly 19% over the last 7 days. RSI is sitting near 24-30, deep in oversold territory, while price holds well below its 50-day average near $287.
Support: $226.50, then $214
Resistance: $235.60, then $249
A close above ~$237 would weaken the bearish case. Until then, BCH is still in a downtrend — and oversold can stay oversold.
Bitcoin is holding ~$73,800 while spot BTC ETFs saw a 4th straight day of outflows (-$95M Tuesday, IBIT -$78M). Fear & Greed at 29 (Fear).
Verdict: watching $226 support — lose it and $214 is next. No chasing here.
Not financial advice. DYOR.
#BitcoinCash #Crypto #Altcoins