BCH Price Prediction: Overbought Rally Stalls at Resistance

Bitcoin Cash (BCH) has had a significant run, sitting at $338.60 with a 2.27% gain on the session.

The price is now wedged between the $337.90 pivot and the $348.00 immediate resistance wall, with $357.40 acting as the ceiling that the market hasn't been able to crack.

The technical picture indicates this move is stretched, with momentum having run so hard that the RSI at 74.34 is deep into overbought territory.

According to Luisa Crawford, BCH's position is a problem due to the contradiction between retail and smart money being crowded long while taker sell pressure is evident.