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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bch-price-analysis-can-bch-speed-up-recovery-to-cross-300/">BCH Price Analysis: Can BCH Speed Up Recovery To Cross $300?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Following the failed attempt of an inverted head and shoulder breakout, the BCH price continues down the lateral path. Consolidating at the time of market recovery as Bitcoin reaches $35K, the altcoin struggles to cash in the high sentiments of investors.&nbsp;
Nevertheless, the dynamic support of the 50-day EMA keeps the prices above $225 and teases a recovery shortly. Therefore, the <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" rel="noopener noreferrer nofollow">BCH price prediction</a> teases a potential reversal rally, crossing $300 in 2023.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/08125828/BCHUSD_2023-11-08_12-36-25-1024x480.png" alt="" class="wp-image-242997" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/08125828/BCHUSD_2023-11-08_12-36-25-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125828/BCHUSD_2023-11-08_12-36-25-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125828/BCHUSD_2023-11-08_12-36-25-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125828/BCHUSD_2023-11-08_12-36-25-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125828/BCHUSD_2023-11-08_12-36-25-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125828/BCHUSD_2023-11-08_12-36-25.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Despite the dynamic support of the 200-day and 50-day EMA from time to time in the last few months, the BCH price remains under $255. Following the fake breakout of the $250 resistance zone, the Bitcoin Cash price trend loses momentum.
With a minimal 5% growth in the Uptober season, the altcoin remains on a sideways track, but buyers remain dominant at $225. Moreover, the price action displays a falling channel as the correction phase approaches the 50-day EMA.
Nevertheless, the overlap trend teases a cup and handle pattern, and the bounce back from the average line hints at a breakout shortly.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/08125830/BCHUSD_2023-11-08_12-44-26-1024x480.png" alt="" class="wp-image-242998" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/08125830/BCHUSD_2023-11-08_12-44-26-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125830/BCHUSD_2023-11-08_12-44-26-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125830/BCHUSD_2023-11-08_12-44-26-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125830/BCHUSD_2023-11-08_12-44-26-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125830/BCHUSD_2023-11-08_12-44-26-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/08125830/BCHUSD_2023-11-08_12-44-26.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
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Taking a slightly wider look, the BCH price action forms an ascending triangle pattern with the overhead resistance at the $250 supply zone. Forming higher low formations, the uptrend teases a new upcycle and high possibility of a bullish breakout.&nbsp;
Technical indicators:
Stochastic RSI: The K and D lines in the stochastic RSI indicator show a bullish turnaround from the oversold zone. Thus, the indicator shows a potential upcycle ready to challenge the $255 resistance zone.
EMA: The crucial 50-day and 200-day EMAs continue to track the positive path and provide dynamic support to Bitcoin Cash.&nbsp;
<h2 class="wp-block-heading" id="h-will-bch-price-reach-300">Will BCH Price Reach $300?</h2>
With high hopes for a Bitcoin Spot ETF surrounding the crypto market, the Bitcoin price skyrockets. However, the BCH price seems a bit slow to pick up the momentum and might need a breakout signal to unleash the trend.
Therefore, if the BCH price exceeds $250, the breakout rally can reach $300. On the opposite end, the 50-day EMA breakdown will plunge the prices to $200.

BCH Price Analysis: Can BCH Speed Up Recovery To Cross $300?

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