Has Bitcoin Cash (BCH) Bottomed After Bouncing at $250?

The Bitcoin Cash (BCH) price has increased by 175% since the beginning of June but still trades below the long-term $285 resistance area

The wave count, technical indicators and price action both support the continuing of the increase to a new yearly high

Despite the bullish short-term outlook, a decrease below $233 will mean that the trend is still bearish and the BCH price will correct further.

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