BCH Price Consolidation: Smart Money Holds Long Bias, But Chart Demands Catalyst

The BCH price is currently at $246.10 in a consolidation phase, with smart money holding a long bias and short-term moving averages pointing upwards.

However, the chart is sending warning signals, as the asset had a nearly 7.5% intraday rejection from its peak of $266.10 to its current price.

The daily candle shape matters more than the headline number, with an upper wick above $259 indicating seller activity.