Bitcoin cash Price Prediction, Soars: Sky Limit for Highs

Long bullish candle breaks symmetrical triangle pattern yesterday.

• According to Coingabbar Price Analysis, Bitcoin Cash initiates a bounce from the 23.60% trend-based Fibonacci level, signaling a potential end to the hibernation phase in the sideways trend.

• The formation of a double bottom at the 23.60% level, coupled with multiple lower price rejections, creates an entry opportunity for sideline traders as buyers gain momentum.

• A significant overnight jump of 15% in BCH price results in the fracturing of the resistance trendline, indicating a triangle breakout in the price analysis.

• The uptrend gains strength as it breaks the 38.20% Fibonacci level, hinting at the potential for a new high-momentum rally.

• In tandem with Bitcoin's 7.30% rise in the last 24 hours, Bitcoin Cash price surpasses the $265 barrier, marking a substantial increase.

• The BCH price, in a new breakout rally, sets its sights on a bull run beyond $300, reflecting positive market sentiment.

• If the breakout maintains levels above $265, the uptrend has the potential to reach the $350 mark, as per Fibonacci levels.

KEY LEVELS :

RESISTANCE LEVEL : $280-$288

SUPPORT LEVEL : $260-$252

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.