Crypto
BCH Price Action Hinges on Break Above $257.40
BCH is trading at $251 as of September 1st, up 1.62% on the session.
The momentum structure is telling a nuanced story: the MACD histogram has converged to zero, indicating that neither bulls nor bears are in control.
A decisive directional break or a slow bleed back toward the nearest gravitational pull is likely to occur within the next 24-48 hours.
The derivatives flow shows aggressive market-order buyers outpacing sellers by a significant margin, with a taker buy/sell ratio of 1.54.