easyMarkets Bitcoin Cash Daily - Quick Technical Overview

20 ก.พ. 2023

The technical picture of BCHUSD on our daily chart shows that there is potential for the crypto to go for a higher high after coming closer to the 143 territory, near the current highest point of February. BCHUSD is already near a key resistance barrier of 140. If the pair surpasses it, we may get a bit more comfortable with further advances.

In order to consider the downside scenario, a drop below the 120 territory would be needed. However, we might still class that move down as a temporary correction, as long as the crypto remains above the short-term tentative upside support line taken from the low of November 10th, 2022.

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