BCH Stuck at Daily Pivot Point as Market Awaits Catalyst
Bitcoin Cash (BCH) is currently trading at $252.90, stuck at its daily pivot point.
The price has shed 1.63% in a day that saw it print a low of $244.90 and struggle to stay above $261.
This situation is not unusual for BCH, which lives in the middle ground between being too scarce to compete with Bitcoin's narrative and too liquid to absorb institutional positioning.
The market is currently indecisive, neither side having conviction yet.