Bitcoin Cash Surges in March, Eyes $750 But Faces Resistance
Bitcoin Cash (BCH) has been on a tear this month, rallying from $231 in February to currently trading at $542. This impressive surge of over 130% has positioned BCH at a critical juncture.
The current resistance point for BCH sits at $542. If bulls can muster the strength to push through this barrier, analysts predict a potential surge towards $750 or even $815.
However, a failure to breach the $542 resistance could trigger a pullback, potentially bringing BCH back down to the $400 support level. This scenario would indicate a short-term correction before another attempt to break through the resistance.
The current resistance point for BCH sits at $542. If bulls can muster the strength to push through this barrier, analysts predict a potential surge towards $750 or even $815.
However, a failure to breach the $542 resistance could trigger a pullback, potentially bringing BCH back down to the $400 support level. This scenario would indicate a short-term correction before another attempt to break through the resistance.