Summary
TLDR: Bitcoin Cash price surged by 133% last month, faced bearish rejection at $681, currently undergoing corrective movement. Weekly chart hints at potential golden crossover, daily chart shows bearish signals, 4H chart may form death cross. Against BTC, faced bearish rejection at resistance zone. Outlook for Bitcoin Cash appears bearish, investors may favor purchasing Bitcoin.
Key Points
1. The Bitcoin Cash (BCH) price surged by over 133% last month, reaching the Fibonacci level of around $681. However, it faced a bearish rejection at that point.
2. Bitcoin Cash is currently undergoing a corrective movement this month, with the duration of this correction remaining uncertain.
3. Bitcoin Cash’s Stellar Month: Price Surges by Over 133%, indicating a potential bullish trend in the medium term.