📈 Technical Analysis BCH/USD – Possible rise towards $461.6
🕒 30 min Chart | Wednesday, June 11, 2025
🔹 Pivot Point: $435.4
✅ Preferred Scenario: As long as BCH remains above $435.4, the bias is bullish with targets at $455.5 and $461.6.
⚠️ Alternative Scenario: If it loses $435.4, retracements towards $425.1 and $419.1 are expected.
📊 Technical Indicators:
RSI above 50 ➡️ Indicates strength in the trend.
Positive MACD but below its signal line ➡️ Mixed signal; possible pause or consolidation.
The price is above its 20 and 50 period moving averages ($442.9 and $438.9 respectively) ➡️ Rising dynamic support.
📌 Key Zones:
Strong Support: $435.4
7
Resistances: $455.5 and $461.6
📈 Summary: Bitcoin Cash maintains a favorable technical structure as long as it respects the support at $435.4. Momentum remains alive, but caution is advised against possible minor pullbacks.