$BCH Technical Analysis
Support & Resistance: BCH is currently testing a critical support level near the $580 zone. A successful hold here could pave the way for a retest of the immediate resistance at $625–$635. Analysts, including trading veteran Peter Brandt, have highlighted $720 as a major breakout target if momentum resumes.
Indicators: The Relative Strength Index (RSI) recently showed overbought conditions (above 70) on shorter timeframes, which triggered the current "cooling off" period. On the daily and weekly charts, the trend remains bullish, supported by rising 200-day moving averages.
Volatility: The asset has shown a price volatility of roughly 5% over the last month, typical for its current market behavior.
#MarketRebound #BTC100kNext? #StrategyBTCPurchase #WriteToEarnUpgrade
