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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bch-price-analysis-will-bch-cross-sellers-mark-at-250/">BCH Price Analysis: Will BCH Cross Sellers Mark At $250?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Sustaining a remarkable, bullish trend in 2023, the BCH price displays a remarkable growth of 135% year-to-date growth. With the ongoing Uptober season and the Blackrock ETF under review, the sentiments are on the verge of sparking a new hopium rally.&nbsp;
The recovery rally increases the possibility of a breakout rally for Bitcoin Cash and the <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" rel="noopener noreferrer nofollow">BCH price prediction</a> of reaching $300 in 2023.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="478" src="https://image.coinpedia.org/wp-content/uploads/2023/10/17121507/BCHUSD_2023-10-17_12-14-53-1024x478.png" alt="" class="wp-image-237445" srcset="https://image.coinpedia.org/wp-content/uploads/2023/10/17121507/BCHUSD_2023-10-17_12-14-53-1024x478.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/10/17121507/BCHUSD_2023-10-17_12-14-53-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/10/17121507/BCHUSD_2023-10-17_12-14-53-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/10/17121507/BCHUSD_2023-10-17_12-14-53-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/10/17121507/BCHUSD_2023-10-17_12-14-53-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/10/17121507/BCHUSD_2023-10-17_12-14-53.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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The recent pullback from the $300 level leads to a sharp correction to the $180 support zone. Nevertheless, with the high volatility in September, the buyers were able to ride the volatility to give a bullish breakout and challenge the $250 mark.&nbsp;
In the larger picture, the Bitcoin cash price action displays a positive bullish pattern that may soon cross the $300 mark. The bullish pattern is an inverted head-and-shoulder pattern with a neckline at the $250 resistance zone.&nbsp;
Currently, the price action is forming the right shoulder of this pattern as it takes support from the 50-day EMA. The recent 7.29% growth last night leads to a bullish engulfing candle and completes a rounding bottom reversal, increasing the likelihood of a prolonged uptrend.&nbsp;
Technical indicators:
MACD indicator: The MACD indicator displays a positive crossover on the verge as the MACD and signal lines converge. Therefore, the momentum indicators give a positive signal.&nbsp;
EMA: The positive trend in the 50 and 200-day EMA certifies the ongoing bull run in BCH price. Moreover, the rising EMAs provide a dynamic cushion to absorb any sharp selling spree.&nbsp;
<h2 class="wp-block-heading" id="h-will-bitcoin-cash-bch-price-crash-under-180">Will Bitcoin Cash (BCH) Price Crash Under $180?</h2>
As the overall market sentiments improve, the possibility of a bullish pattern breakout is increasing rapidly. The overhead resistance breakout of $250 will mark an entry point for sideline traders. The breakout rally is expected to cross the $300 mark and reach the $329 high.&nbsp;
Conversely, a failure to sustain above the 50-day EMA will plunge the market value to the $180 support zone.

BCH Price Analysis: Will BCH Cross Sellers Mark At $250?

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