Bitcoin Cash

<ul><li>Bitcoin Cash (BCH) experienced a notable resurgence in July, prompting debates on its classification.</li><li>Grega Horvat&#39;s Elliott Wave analysis suggests BCH might move within an A-B-C-D-E bullish triangle pattern.</li><li>Analyst advises vigilance as BCH enters a potential deceleration phase, possibly leading to a three-wave downturn targeting the 200 - 180 support range.</li></ul>Amidst recent market movements, Bitcoin Cash (BCH) experienced a <a href="https://www.tradingview.com/symbols/BCHUSD/" rel="noopener noreferrer nofollow">notable</a> resurgence throughout July, sparking discussions regarding its classification as either the inception of a <a href="https://cryptotale.org/crypto-market-sees-double-digit-surges-in-bch-link-mkr-and-thor/" rel="noopener noreferrer nofollow">bullish</a> trend&#39;s third wave or a sharp wave C within a counter-trend shift. Renowned crypto analyst Grega Horvat directs attention to the 4-hour timeframe, where a retreat from the $330 level showcases intriguing overlap, hinting at a potential ongoing correction.A recent YouTube <a href="https://www.youtube.com/watch?v&#61;MjUFDT9J9uA" rel="noopener noreferrer nofollow">video</a> by Grega Horvat&#39;s Elliott Wave analysis shows that the scenario potentially signifies a wave IV pullback, promising an upward trend. The price has reclaimed the crucial 236 level, indicating the completion of a complex W-X-Y corrective descent from recent highs. Yet, a fresh intricate (W)-(X)-(Y) corrective rally implies BCH might meander laterally, confined within an A-B-C-D-E bullish triangle pattern as part of a broader wave 4.Read full article <a href="https://cryptotale.org/bitcoin-cash-analysis-hints-at-potential-bullish-triangle-formation-report/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

Bitcoin Cash Analysis Hints at Potential Bullish Triangle Formation: Report

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