Bitcoin Cash (BCH) Continues Where It Left Off

After touching $248, Bitcoin Cash (BCH), which broke the falling trend with a voluminous acceleration, increased by 21 percent in a short time.
With the glorious rise of BTC, BCH, which created a frenzy again, managed to reach $ 329 from $ 106 in a 20-day time frame. The popular coin, which has been trending selling for a few days, has created a falling trend in the technical structure.
BCH rose 21.57 percent as both the market's upward movement and breaking the downtrend. It also became the second most valuable coin of the day.
BCH, which has been pricing in a falling trend structure since June 30, broke this structure in volume after reaching $248, increasing by 21.57 percent in the last 24 hours.
BCH, which managed to rise above the monthly opening price, could not hold above this value and fell to $ 294.
The popular coin, which has created a trend again after a very long break, can target 329 – 345 and 382 dollars, respectively, if it manages to rise above its monthly opening price. 👍
However, situations such as losing the enthusiasm it has captured and BTC moving down can bring BCH down drastically. In this scenario, the support points that can be followed on behalf of BCH are $244 – $237 – $220 and $186 respectively. 👎
If BCH is the decisive zone in the short-to-medium term, it could be the $244 – $237 area.
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