How long can the sharp rise of BCH continue? maplesyrupsuckr BitcoinCashA BitcoinCash BitcoinCash BitcoinCom BitcoinBCHNews
However, if the candle closes near the mentioned mark, the upward move is likely to continue to the $250 zone and above.On the bigger time frame, one should pay attention to the bar closure in terms of yesterday's peak at $244.
Currently, the price has made a false breakout of it; however, if the candle closes with no lock wicks, growth may lead to the test of the $260-$280 area by the end of the week.From the midterm point of view, the resistance at $259.6 that serves a mirror level plays a key role for traders. As the rate has sharply risen since the beginning of the month, there is a chance to see a bounce back from the zone around $260. Such a scenario is relevant until mid-July.
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