Bitcoin Cash Faces Resistance at 20-Day EMA as Bears Dominate

[cryptoenthusiast]

BCH/USDT daily chart. Source: Cointelegraph/TradingView

Bitcoin Cash buyers have defended the $443 support level, but bears remain in control with the 20-day EMA at $472 acting as resistance. A sharp rejection here could trigger a break below $443, completing a bearish head-and-shoulders pattern and potentially pushing BCH down to $375.

On the other hand, a close above the 20-day EMA would suggest a bullish attempt to regain momentum, with the next target at the 50-day SMA around $520, where sellers are likely to challenge further gains.

[bonk]

BCH defending $443 like “nah bro, not today” but the 20-day EMA is out here like get outta here

[chainsniff]

every time someone says ‘bears in control’ BCH randomly pumps 15% lol