Crypto
BCH Price Stuck at Dead Center: Which Way Will it Break?
BCH has been trading at $257.50, stuck in the middle of its Bollinger Bands, indicating a compression pattern that will resolve violently.
The smart money is 66.7% long, but there's persistent sell-side pressure as shown by the taker buy/sell ratio on the 1-hour chart, which is 0.7009, meaning for every dollar of aggressive buying, there's $1.43 worth of aggressive selling.
The 24-hour spot volume on Binance at $13.2M is thin, and BCH traded a high of $270.00 intraday but sits at $257.50, indicating that the session rejected the upper range and closed in the bottom half.