$BCH Update đ Can the rally hold after a futures announcement?
đ° Price now: $340.49 | 24h: +28.01%
đ Market cap: $6.84B | Rank: #21
đ 24h range: $261.60â$349.90 on BCH/USDT
đ° What's happening: BCH has climbed sharply, with approximately $1.32B in global 24-hour trading volume. CME Group announced plans for Bitcoin Cash futures. The news coincides with the rally, though its exact effect on price cannot be measured.
đ„ Key catalyst: CME plans to launch BCH futures on October 19, pending regulatory review. They are not live yet.
đ Next step to watch:
đŽ Bearish case: Below $336, watch the $325 area.
đą Bullish case: Above $349.90, watch the $360 area.
đ My take: After a 28% move, how BCH trades around its recent high is the immediate test.
Not financial advice, DYOR â ïž
#BitcoinCash #BCH #CryptoAnalysis $BCH
đ° Price now: $340.49 | 24h: +28.01%
đ Market cap: $6.84B | Rank: #21
đ 24h range: $261.60â$349.90 on BCH/USDT
đ° What's happening: BCH has climbed sharply, with approximately $1.32B in global 24-hour trading volume. CME Group announced plans for Bitcoin Cash futures. The news coincides with the rally, though its exact effect on price cannot be measured.
đ„ Key catalyst: CME plans to launch BCH futures on October 19, pending regulatory review. They are not live yet.
đ Next step to watch:
đŽ Bearish case: Below $336, watch the $325 area.
đą Bullish case: Above $349.90, watch the $360 area.
đ My take: After a 28% move, how BCH trades around its recent high is the immediate test.
Not financial advice, DYOR â ïž
#BitcoinCash #BCH #CryptoAnalysis $BCH
