BCH Price Faces Make-or-Break Test at $271

BCH is at a critical juncture, with its price stuck at $265.90 and momentum dead-flat. The MACD histogram has zeroed out completely, indicating exhaustion rather than consolidation.

The RSI reads 67.95, which may look healthy, but paired with a Bollinger %B reading of 0.81, BCH is trading deep into the upper pocket of its volatility envelope.

The real wall for BCH is the immediate resistance at $271.47, and the market knows it. The disconnect between price location and the 200-day SMA sitting at $351.39 is also a concern, as BCH is still trading 24% below that level.