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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bch-price-analysis-is-bch-ready-for-a-bull-run-this-week/">BCH Price Analysis: Is BCH Ready For A Bull Run This Week?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Overcoming the market-wide correction phase, BCH price manages to avoid a sharp reversal seen in many altcoins. <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin Cash’s price</a> is moving close to the 50-day EMA and absorbs the incoming at $228 with grace.&nbsp; 
Moreover, with the recent late-night jump in Asian markets, the BCH price is teasing the early phase of a bull run.&nbsp; 
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Taking constant rejections from the $228 overhead ceiling, the BCH price action displays a higher price rejection. Leading to a double top pattern, the Bitcoin cash’s price reverted to the 50-day EMA, increasing the chances of a downfall.&nbsp; 
Delaying the breakdown with days of consolidation, the altcoin is now regaining the bullish momentum. Moreover, the altcoin price jumped by 2.71% last night, undermining the consolidation and a bearish candle to form a bullish engulfing candle.&nbsp; 
Currently trading at $212.68, the BCH price is sustaining above the 50-day EMA with an intraday growth of 1.11%. This increases the chances of a prolonged uptrend to challenge the $228 overhead ceiling. 
Moving to the indicators, the momentum indicators present a bullish reversal viewpoint for BCH price. 
Technical indicators: 
RSI indicators: The daily RSI reverses from the halfway line after forming an arch. The reversal indicates a resurgence in the bullish momentum. 
MACD indicators: The MACD and signal lines avoid a bearish crossover with the recent price jump. This revives the bullish histograms and teases a prolonged uptrend.&nbsp; 
<h2 class="wp-block-heading" id="h-will-bch-price-touch-300">Will BCH Price Touch $300?</h2> 
Avoiding a drop to retest the broken trendline adds brownie points to the BCH price bullish team. However, the challenge will be sustaining the uptrend against the overhead supply at $228. Nevertheless, short-term traders can find the journey to $228 profitable.&nbsp;&nbsp; 
Considering the buyers break past the $228 hurdle, the uptrend fueled by unleashed momentum will reach $300. On the flip side, if it encounters resistance at $228, then it could fall to the 200-day EMA and test the $180 support level.

BCH Price Analysis: Is BCH Ready For A Bull Run This Week?

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