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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/bch-price-analysis-is-bitcoin-cash-on-the-road-to-300/">BCH Price Analysis: Is Bitcoin Cash On The Road to $300?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Over the weekend, BCH experienced a slight dip, returning to test the 50-day EMA’s resilience. Yet, as Monday rolls in, kickstarting a new week, BCH records an intraday growth of 1.51%. This post-retest reversal heightens the anticipation of a bullish resurgence. 
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Last week, Bitcoin Cash made headlines, signaling a strong upward move, breaking past short-term barriers and teasing a jump toward $300. After a cool-off from the staggering 200% rise in June, the BCH price revisited the 200-day EMA, hovering around $180.&nbsp; 
Celebrating an 18% rebound last week, the <a href="https://coinpedia.org/price-analysis/bch-price-analysis-will-bitcoin-cash-cross-300-in-2023/">BCH price</a> has successfully surpassed the 50-day average, sealing a full positive swing within the defined $180-$228 bracket.&nbsp; 
Over the weekend, BCH experienced a slight dip, returning to test the 50-day EMA’s resilience. Yet, as Monday rolls in, kickstarting a new week, BCH records an intraday growth of 1.51%. This post-retest reversal heightens the anticipation of a bullish resurgence. 
BCH’s price faces a stiff challenge at $228 above the resistance trendline. Currently positioned at $213, Bitcoin Cash remains firmly above this trendline. 
Narrowly evading the dreaded ‘death cross,’ this bounceback suggests a breakout from this range. Unshackling the pent-up momentum within, BCH seems poised to continue its bullish march. 
Technical indicators: 
RSI indicators: The daily RSI traces a sharp ascent, nearly touching the ‘overbought’ boundary, echoing the bullish sentiment. 
MACD indicators: The rally’s reversal has aided the MACD and its signal lines, opening up a widening bullish gap. 
Also Read: <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/">Bitcoin Cash Price Prediction 2023, 2024, 2025: Is Bitcoin Cash The Best Investment for 2024?</a> 
<h2 class="wp-block-heading" id="h-will-bitcoin-cash-bch-price-exceed-228">Will Bitcoin Cash (BCH) Price Exceed $228?</h2> 
From a daily chart, BCH looks primed to breach the $228 threshold, paving the way for a significant leap to $300. The upcoming SEC verdict on Bitcoin ETF in October could also play a decisive role in dictating BCH’s price direction. 
On the other hand, should BCH face downward pressure from the $228 level, it might revisit the 200-day EMA, testing the bullish stronghold around $180.&nbsp;

BCH Price Analysis: Is Bitcoin Cash On The Road to $300?

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