Bitcoin Cash

Bitcoin

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Bulls seem need more time to accumulate energy for further growth, as <a href="https://u.today/btc-eth-xrp-ada-bnb-and-matic-price-analysis-for-june-22">most of the coins</a> have entered a correction phase.
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="f692bac1-dab5-4776-9e4c-7b3176754ab1" src="https://u.today/sites/default/files/inline-images/top10_504.png">
Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 id="bch-usd">BCH/USD</h2>
Unlike other coins, the rate of Bitcoin Cash (BCH) has increased by almost 8% over the last 24 hours.
<img alt="BCH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="c9aee979-5fb6-4c97-8b47-01cda6bbeafa" src="https://u.today/sites/default/files/inline-images/bch1.png">
Image by <a href="https://www.tradingview.com/symbols/BCHUSD">TradingView</a>
Despite today's sharp rise, the rate of BCH keeps looking bullish on the local time frame. At the moment, the price is trying to come back to the hourly resistance level at $144.6.
<a href="https://u.today/xrp-price-analysis-for-june-21">card</a>
If buyers manage to do that, the rise is likely to continue to the $150 zone. Such a scenario is relevant until the end of the week.
<img alt="BCH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="2dbaef75-265c-40f5-a9db-6a845b4bf23a" src="https://u.today/sites/default/files/inline-images/bch2.png">
Image by <a href="https://www.tradingview.com/symbols/BCHUSD">TradingView</a>
A similar situation can be seen on the daily chart, as the candle is about to close above the level of $141.7, formed by a false breakout. If that happens and the bar closes with no long wicks, the upward move may lead to the test of the $160 zone shortly.
<img alt="BCH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="ac922651-d6ed-4889-9c1d-d10f6b38ed35" src="https://u.today/sites/default/files/inline-images/bch3.png">
Image by <a href="https://www.tradingview.com/symbols/BCHUSD">TradingView</a>
From the midterm point of view, traders should pay attention to the upper level at $156.8. If the test of it occurs, one can expect continued midterm growth to $200 and above as BCH has been in the accumulation zone for around a year.
BCH is trading at $143.4 at press time.

Bitcoin Cash (BCH) Price Analysis for June 23

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