As BCH sellers threaten to devalue the altcoin further, here are the likely key interest areas for bulls.
eased from its new high of $31.8k and traded at $30.3k at the time of writing. If the $30k continues to hold for BTC, BCH bulls could focus on these interest levels.At the time of writing, the RSI value was 56 but was headed to the neutral level. Similarly, the CMF edged lower toward zero. Collectively, the indicators showed eased buying pressure and capital inflows, respectively.
On the 4-hour timeframe, BCH was below $261 and had to reclaim the level to indicate bullish intent on the lower timeframe. So, sellers could force bulls to cede ground at $260 and could extend gains towards the 2020 demand zone of $200 – $222 . Nevertheless, $261 was a key support in Q1 2022 and bulls could attempt to block further losses at the level. So a liquidity hunt beyond $261 couldn’t be overruled.
Hence, conservative bulls could mark $261 as a level of interest, while the aggressive players will circle the $200 – $222 demand zone.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What next as Bitcoin Cash drops below $300?BCH eases below $300 psychological level but bulls are still firmly in control unless ...
Read more »
Why Shiba Inu bulls could fall to bearsLike the rest of the market, SHIB's price increased following 13 July's court ruling. However, the token's uptick is not without its risks.
Read more »
Optimism faces double obstacles – Will bulls prevail?Near-term OP bulls faced headwinds on the lower time-frame. They could seek re-entry at the immediate support or after a $1.3 breakout.
Read more »
RODEO NOTES: Creek Young knows how to win on Stampede bulls\u0022After winning the first two rounds last year, I\u0027ve got a little bit to live up to (Friday),” Creek Young said with a laugh. “
Read more »
RODEO NOTES: Creek Young knows how to win on Stampede bulls\u0022After winning the first two rounds last year, I\u0027ve got a little bit to live up to (Friday),” Creek Young said with a laugh. “
Read more »
![Filecoin [FIL] hits a familiar roadblock – Bulls can re-enter here](https://i.headtopics.com/images/2023/7/15/cryptoamb/filecoin-fil-hits-a-familiar-roadblock-bulls-can-r-filecoin-fil-hits-a-familiar-roadblock-bulls-can-r-1680073453863329793.webp?w=640)
Filecoin [FIL] hits a familiar roadblock – Bulls can re-enter hereFIL has hit a crucial roadblock which could force bulls to seek re-entry elsewhere if BTC falters further. Bulls can consider these areas ...
Read more »