Bitcoin Cash Price on the Cusp: Ready to Conquer Psychological Level

Bitcoin Cash finds support at $220, poised for a surge beyond $300.

• BCH recently consolidated around $220 before experiencing a 31% surge.

• The daily chart reveals a bullish breakout in Bitcoin Cash, forming an ascending triangle.

• BCH successfully sustains its price trend above $270 and approaches the psychological barrier of $300.

• The green light for Bitcoin Spot ETFs sparks a notable surge in BCH value, accompanied by bullish momentum and successive green candlesticks.

• Despite successfully breaking past the 50.00% and 61.80% Fibonacci levels, BCH now confronts a strong hurdle at 78.60%, resulting in a reversal in its direction.

• According to Bitcoin Cash Price Prediction, a definitive rise over $300 might act as a trigger for quickening momentum, bringing BCH closer to the important $350 level.

KEY LEVELS :

RESISTANCE LEVEL : $305-$330

SUPPORT LEVEL : $260-$230

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