Bitcoin Cash

Bitcoin

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The cryptocurrency market seems not to have decided which way to move as the rates of <a href="https://u.today/binance-coin-bnb-price-analysis-for-june-28">some coins</a> are rising while others have come back to the red zone.
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="0d776bca-16e1-4e21-a1cb-464947e1de53" src="https://u.today/sites/default/files/inline-images/top10_515.png">
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<h2 id="bch-usd">BCH/USD</h2>
The rate of Bitcoin Cash (BCH) keeps rising, going up by 4% over the last 24 hours.
<img alt="BCH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="281e85d9-24db-40d5-a48d-ec0b5f99eac7" src="https://u.today/sites/default/files/inline-images/bch1_1.png">
Image by <a href="https://www.tradingview.com/symbols/BCHUSD">TradingView</a>
On the hourly chart, the price of Bitcoin Cash (BCH) is trading near the local resistance level of $246. The volume has started to fall, which means that bears might locally seize the initiative.
<a href="https://u.today/ethereum-eth-price-analysis-for-june-28">card</a>
However, if the candle closes near the mentioned mark, the upward move is likely to continue to the $250 zone and above.
<img alt="BCH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="4832f3ee-accf-483f-9bcb-65cd7a05f480" src="https://u.today/sites/default/files/inline-images/bch2_1.png">
Image by <a href="https://www.tradingview.com/symbols/BCHUSD">TradingView</a>
On the bigger time frame, one should pay attention to the bar closure in terms of yesterday's peak at $244. Currently, the price has made a false breakout of it; however, if the candle closes with no lock wicks, growth may lead to the test of the $260-$280 area by the end of the week.
<img alt="BCH/USD chart by TradingView" data-entity-type="file" data-entity-uuid="39de4ddc-7f52-47a7-9214-e333bfcf2109" src="https://u.today/sites/default/files/inline-images/bch3_1.png">
Image by <a href="https://www.tradingview.com/symbols/BCHUSD">TradingView</a>
From the midterm point of view, the resistance at $259.6 that serves a mirror level plays a key role for traders. As the rate has sharply risen since the beginning of the month, there is a chance to see a bounce back from the zone around $260. Such a scenario is relevant until mid-July.
Bitcoin Cash is trading at $243.3 at press time.

Bitcoin Cash (BCH) Price Analysis for June 29

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