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Bitcoin Cash (BCH) Compression Could Trigger $460 Rally If $420 Breaks

  • Bitcoin Cash (BCH) is trading at $414, consolidating in a narrow range with resistance near $420 and support at $400 and $380.
  • Bollinger Bands tightening on the 4-hour chart hint at a potential breakout, with resistance levels at $420, $440, and $460 if breached.
  • Support levels at $400 and $380 are holding, maintaining a cautiously bullish structure for Bitcoin Cash.
  • Accumulation may be occurring as BCH establishes a higher low around $378, with a breakout above $420 potentially triggering a rally towards $460.

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