Crypto
BCH Price Hinges on Break Above $250.40
BCH is trading at $245, and its MACD momentum has flatlined. The market's indecision is palpable, with buyers not committing or fleeing.
The medium-term trend remains constructive, as BCH trades above both its 20-day and 50-day moving averages. However, the 7-day SMA at $259.40 and the EMA 12 at $250.45 are sitting overhead like a ceiling that's been painted shut.
The derivatives market is where this gets compelling. Top traders have a 65.9% long bias with a ratio of 1.93, significantly more bullish than retail sentiment. Aggressive buyers are marginally outpacing sellers on the tape right now.