BCH Price Action Hinges on Break Above $320

Bitcoin Cash (BCH) is at a critical inflection point in its price action. Currently trading around $314.60, BCH has been consolidating within a tight range between its 200-day simple moving average ($309.20) and near-term resistance clustered between $320 and $326.

The recent 2.88% overnight pop stalled under the 7-day SMA at $316.67, indicating that buyers are running into supply faster than they can absorb it.

Smart money is loaded long, with a 68.4% bias against just 31.6% short, a significant difference from retail sentiment which mirrors this direction without the same concentrated weight.