Crypto
BCH Price Stuck at $245: Break Above $250.40 or Bleed Back
BCH is stuck at $245, refusing to move in either direction. The technical indicators suggest indecision, but beneath this calm surface, tension is building.
The Moving Averages Convergence Divergence (MACD) histogram has collapsed to zero, indicating no clear trend. Meanwhile, the Relative Strength Index (RSI) at 53 confirms that neither buyers nor sellers are making a strong move.
The key level to watch is $250.40, where both resistance and support converge. A break above this price could lead to a run towards $260+, but failure here would send BCH back down to the $237-$239 gravity zone.