Bitcoin Cash

Bitcoin

Bull Market

Rekt

<p>Bitcoin Cash (BCH) stands on the cusp of a monumental achievement. <a href="https://x.com/rektcapital/status/1773849621200076971?s=20" target="_blank" rel="noopener noreferrer nofollow">According</a> to top crypto analyst Rekt Capital, BCH is poised to record its first-ever monthly candlestick close beyond the long-standing macro downtrend resistance.</p>
<h2 class="wp-block-heading" id="strong-historical-significance-strong"><strong>Historical Significance</strong></h2>
<p>While BCH has formed upside wicks past this macro downtrend in the past, the cryptocurrency has yet to sustain a decisive monthly close above this critical level. Consequently, a breakthrough in the forthcoming days would mark a historic milestone for BCH.</p>
<p>Moreover, technical analysis from the top firm altFINS bolsters the bullish narrative surrounding BCH. Their assessment indicates that a bullish breakout above the $500 resistance level signals a continuation of the prevailing uptrend. Moreover, altFINS projects a considerable potential upside of over 20% to the $600 level, a milestone already achieved.</p>
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<p><em>Source: </em><a href="https://captainaltcoin.com/go/altfins/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>altFINS – Start using it today</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-key-resistance-breakthrough-strong"><strong>Key Resistance Breakthrough</strong></h2>
<p>Notably, the $500 level acted as a formidable resistance during the early March trading session. Hence, the convincing breach of this hurdle lately is a positive development. Furthermore, altFINS recommends implementing a stop-loss at $460 to prudently manage risk exposure.</p>
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<h2 class="wp-block-heading" id="strong-trending-and-momentum-indicators-favor-bulls-strong"><strong>Trending and Momentum Indicators Favor Bulls</strong></h2>
<p>Significantly, BCH exhibits a well-established uptrend across short, medium, and long-term time horizons. Additionally, momentum indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are aligned with the bulls’ narrative.</p>
<p>The latest price data from CoinMarketCap corroborates the strength in BCH. At the time of writing, BCH trades at <a href="https://coinmarketcap.com/currencies/bitcoin-cash/" target="_blank" rel="noopener noreferrer nofollow">$601.02</a>, reflecting a 4.79% gain over the past 24 hours.</p>
<p>The combination of a potential historic macro breakout, favorable technical indicators, an established uptrend across multiple timeframes, and positive on-chain data suggests BCH could be gearing up for a significant upward move. Market participants will closely monitor the price action in the coming days as BCH aims to etch its name in the crypto history books.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-highlights-key-metrics-as-bitcoin-cash-bch-approaches-historic-price-move/" rel="noopener noreferrer nofollow">Expert Highlights Key Metrics as Bitcoin Cash (BCH) Approaches Historic Price Move</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Highlights Key Metrics as Bitcoin Cash (BCH) Approaches Historic Price Move

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