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The post <a href="https://coinpedia.org/price-analysis/bch-price-eyes-triangle-breakout-ready-for-a-25-bull-run/" rel="noopener noreferrer nofollow">BCH Price Eyes Triangle Breakout, Ready For A 25% Bull Run</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the recent jump in Bitcoin as the miners are refusing to sell, the Bitcoin Cash price finds this news as a bullish catalyst. As Bitcoin prepares for a sharp uptrend with the recent jump to $45K, the BCH price trend teases a triangle breakout to enter a hypersonic uptrend.&nbsp;
As the altcoin comes back with a punch, history showcases Bitcoin Cash is a better performer on the technical charts than Bitcoin. With such potential and increasing anticipations of a bull run, the <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" rel="noopener noreferrer nofollow">BCH price prediction</a> projects a bull run beyond $500 in $200.
<figure class="wp-block-image"><img decoding="async" width="1600" height="725" src="https://image.coinpedia.org/wp-content/uploads/2024/02/09130816/image-72.png" alt="" class="wp-image-268498" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/09130816/image-72.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/02/09130816/image-72-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/09130816/image-72-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/09130816/image-72-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/09130816/image-72-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/09130816/image-72-150x68.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
Source – <a href="https://www.tradingview.com/x/Q4O48XxX/" rel="noopener noreferrer nofollow">Tradingview</a>
Following the drop to the $150 zone, the constant struggle to regain the uptrend momentum leads to a higher low formation in BCH price. However, the strong supply zone present above the $260 barrier offers a quick reversal that drops the altcoin to the ascending trendline.&nbsp;
Further, the Bitcoin Cash price manages to sustain dominance over the 200-day EMA and keeps the bullish trend in motion. The recent recovery from the support trendline comes as a new sprout in the triangle that may shortly challenge the overhead ceiling.&nbsp;
Currently, the BCH price trades at $247.49 with an intraday jump of 1.19% following last night’s jump of 1.68%. Over the past three days, the altcoins formed a triple white soldier pattern and accounted for a jump of 5.16%.&nbsp;
Technical indicators:
RSI Indicator: The daily RSI line shows a resurfacing move above the halfway line after a long streak of sideways trend. Hence, the rising momentum supports the bullish recovery.&nbsp;
<h2 class="wp-block-heading" id="h-will-bch-price-reach-350">Will BCH Price Reach $350?</h2>
The price of Bitcoin is ready to skyrocket in the coming days with the growing anticipations of the Halving event. This is expected to have a positive impact on the coins connected to Bitcoin, like Bitcoin Cash, Ordinals, etc.&nbsp;
Further, with the altcoin season coming sooner than anticipated, the altcoins can outperform Bitcoin. In such a case, the BCH price can easily break above the ascending triangle and cross the $300 mark.&nbsp;
On the flip side, Bitcoin Cash can revert to the support trendline.&nbsp;

BCH Price Eyes Triangle Breakout, Ready For A 25% Bull Run

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