Bitcoin Cash Price Prediction: $300 looks like an achievable goal🤔🤑
If the bulls ignore the negative comments on social media, then the ongoing price rally could take Bitcoin Cash to the $300 mark. The Global In/Out of Money Around Price (GIOM) data, which shows the distribution of entry prices for current BCH holders, also supports this prediction.
The chart below shows that if the resistance level of 1.15 million addresses that bought 2 million coins at an average price of $280 is broken, there will be no obstacles on the way to the $300 mark.
In case of a sharp drop from the current values, the bears will try to seize the initiative. The 370,000 wallets that bought 2.16 million BCH at the $218 minimum price will give the asset a lot of support and try to prevent it from sinking further. But if they fail, Bitcoin Cash risks falling below $200. #Crypto2023 #BTC #Trading #binance #Bitcoin $BCH
If the bulls ignore the negative comments on social media, then the ongoing price rally could take Bitcoin Cash to the $300 mark. The Global In/Out of Money Around Price (GIOM) data, which shows the distribution of entry prices for current BCH holders, also supports this prediction.
The chart below shows that if the resistance level of 1.15 million addresses that bought 2 million coins at an average price of $280 is broken, there will be no obstacles on the way to the $300 mark.
In case of a sharp drop from the current values, the bears will try to seize the initiative. The 370,000 wallets that bought 2.16 million BCH at the $218 minimum price will give the asset a lot of support and try to prevent it from sinking further. But if they fail, Bitcoin Cash risks falling below $200. #Crypto2023 #BTC #Trading #binance #Bitcoin $BCH