Bitcoin Cash

<ul><li>Bitcoin Cash&#39;s recent local low at $204 marks a potential turning point, signalling a short-term upward trend.</li><li>Technical indicators, including RSI and Awesome Oscillator, support BCH&#39;s bullish resurgence.</li><li>Investors should remain cautious, as failure to hold above $197 may lead to a continuation of the downtrend.</li></ul><a href="https://cryptotale.org/bitcoin-cash-gains-momentum-while-btc-and-eth-struggle/" rel="noopener noreferrer nofollow">Bitcoin Cash</a> (BCH) has recently emerged as an intriguing opportunity for short-term traders and investors. With its price showing upward momentum after establishing a local low at $204, BCH enthusiasts are eyeing a potential surge to levels around $225 and $228. This bullish sentiment is supported by technical indicators that suggest a favourable outlook for the popular forked coin.Bitcoin Cash&#39;s recent price action indicates a promising upward trend, with its value allegedly poised to climb higher. The local low at $204 has marked a turning point, potentially setting the stage for BCH to reach $225 and $228. These levels represent crucial thresholds where buy-side <a href="https://cryptotale.org/crypto-liquidity-is-dwindling-amid-shifting-capital-flows/" rel="noopener noreferrer nofollow">liquidity</a> is expected to accumulate, further boosting BCH&#39;s bullish prospects.The prevailing sentiment surrounding <a href="https://cryptotale.org/bitcoin-cash-rallies-strong-boosting-short-and-long-term-investors/" rel="noopener noreferrer nofollow">Bitcoin Cash</a> is predominantly bullish, making it an attractive option for interested investors. Analysts advise entering the trade at the current price of $212 or waiting for a potential dip to $197, both of which present favourable entry points.The Relative Strength Index (RSI) supports this optimistic outlook, which has crossed above the mean level on the daily chart. Moreover, on the 12-hour chart, the RSI has bounced back above 50 after a brief dip below, signifying a resurgence of bullish momentum. The Awesome Oscillator (AO) also hints at a reset near the zero level, further strengthening the case for a bullish trend.Read full article at <a href="https://cryptotale.org/bitcoin-cash-bch-poised-for-a-potential-short-term-rally-towards-228/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin Cash (BCH) Poised for a Potential Short-Term Rally Towards $228

CryptoTale

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