Crypto
BCH Price Prediction: Coiling at $246.30 Ahead of Crucial Break Above $254.90
Bitcoin Cash (BCH) has been coiling at $246.30, a level that is just above its short- and medium-term moving averages.
Open interest in BCH futures has surged 9.41% in the past session, indicating fresh capital entering the market.
The broader crypto backdrop matters here too, with BCH being a high-beta asset that trades with amplified reaction to Bitcoin's directional moves.
A clean break above $254.90 is crucial for bulls to have credibility, and if that happens, $263.50 will be the next strong ceiling, a level where shorts will get squeezed hard.