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Bitcoin Cash (BCH) Jumps 5% Signalling Potential Breakout

  • Bitcoin Cash (BCH) is currently trading in a tight range between $380.04 support and $450 resistance, indicating neutral price action.
  • The coin has shown a neutral-to-bullish sentiment with the RSI at 58.17.
  • After rebounding from the $249 support area, BCH has consolidated within the mentioned price range.
  • Technical analysis reveals the price above the 50-day and 200-day EMAs, with a golden cross signaling a potential bullish rally.
  • Bitcoin Cash is trading at $435 with a 5% gain, signaling bullishness, as per CMC data.
  • The RSI indicates a slightly bullish momentum, while the MACD and Awesome Oscillator also show positive signals.
  • Key resistance for BCH is at $451, with support levels increasing.

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