7 hours ago
Bitcoin Cash (BCH) BCH is trading astatine $452.13, down 0.54% implicit the past 24 hours, aft failing to breach the $467 absorption level crossed aggregate tests, according to CoinDesk Research's method investigation model.
The token concisely surged adjacent that level precocious connected June 23, gaining astir 3% during a high-volume spike, but was subsequently rejected doubly more, reinforcing the value of that barrier. A descending trendline formed during the corrective pullback, with little highs establishing a bearish short-term tone.
On the regulatory front, Federal Reserve Chair Jerome Powell announced that U.S. banks present person the state to find their integer plus lawsuit basal without anterior regulatory pre-approval. This argumentation displacement efficaciously removes organization adoption barriers and is considered a meaningful measurement toward greater integration of crypto wrong the accepted fiscal system.
Technical Analysis Highlights
- BCH traded successful a $19.76 scope (4.4%) from $449.61 to $469.63 implicit 24 hours.
- At 22:00 connected June 23, BCH surged astir 3% connected 79,485 measurement units, mounting absorption astatine $467.
- The $467 level was tested and rejected 2 much times, confirming beardown overhead resistance.
- Support formed astir $450 with important measurement accumulation betwixt 15:00–16:00.
- A descending trendline of little highs emerged pursuing the archetypal spike, signaling bearish momentum.
- A V-shaped micro-trend formed during the last hour, with a bounce from $449.94 to $451.31.
- Volume spiked during the 18:17–18:19 driblet and again connected the 18:30–18:32 recovery.
- A short-term enactment portion developed adjacent $450 aft repeated palmy retests.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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