$BCH shows some key bullish signals.
Golden Cross Formation: Recently, the 50-day EMA crossed above the 200-day EMA, a classic bullish signal that suggests strong long-term upward momentum. This indicates that #BCH could continue its uptrend if the current position is maintained.
Key Support and Resistance: The 20-day EMA around $320 serves as a critical short-term support, with a 50-day EMA at $315 and the 200-day EMA providing confluence support.If BCH holds above these levels, the bullish outlook remains intact, but if it dips below, it may face increased selling pressure, leading to a potential drop toward $300.
Potential Upside: If #BitcoinCash successfully holds its EMA support levels, it could target resistance at $500 and beyond, with some predictions indicating a possible climb to $985 in 2025.
