$BCH Update ๐ Can the rally hold after a futures announcement?
๐ฐ Price now: $340.49 | 24h: +28.01%
๐ Market cap: $6.84B | Rank: #21
๐ 24h range: $261.60โ$349.90 on BCH/USDT
๐ฐ What's happening: BCH has climbed sharply, with approximately $1.32B in global 24-hour trading volume. CME Group announced plans for Bitcoin Cash futures. The news coincides with the rally, though its exact effect on price cannot be measured.
๐ฅ Key catalyst: CME plans to launch BCH futures on October 19, pending regulatory review. They are not live yet.
๐ Next step to watch:
๐ด Bearish case: Below $336, watch the $325 area.
๐ข Bullish case: Above $349.90, watch the $360 area.
๐ My take: After a 28% move, how BCH trades around its recent high is the immediate test.
Not financial advice, DYOR โ ๏ธ
#BitcoinCash #BCH #CryptoAnalysis $BCH
๐ฐ Price now: $340.49 | 24h: +28.01%
๐ Market cap: $6.84B | Rank: #21
๐ 24h range: $261.60โ$349.90 on BCH/USDT
๐ฐ What's happening: BCH has climbed sharply, with approximately $1.32B in global 24-hour trading volume. CME Group announced plans for Bitcoin Cash futures. The news coincides with the rally, though its exact effect on price cannot be measured.
๐ฅ Key catalyst: CME plans to launch BCH futures on October 19, pending regulatory review. They are not live yet.
๐ Next step to watch:
๐ด Bearish case: Below $336, watch the $325 area.
๐ข Bullish case: Above $349.90, watch the $360 area.
๐ My take: After a 28% move, how BCH trades around its recent high is the immediate test.
Not financial advice, DYOR โ ๏ธ
#BitcoinCash #BCH #CryptoAnalysis $BCH
