Bitcoin Price Shoots Toward $110K while Fartcoin and BONK Lead Meme Coin Gains: Market Watch
Bitcoin Price Surge: Bitcoin is approaching the $110,000 mark with a 1.6% increase in the past 24 hours, as the total crypto market capitalization nears $3.5 trillion amid potential regulatory changes in the U.S.
Meme Coin Performance: Meme coins like Fartcoin and Bonk are leading the gains in the altcoin market, with Bonk rising by 20% and Fartcoin by 17%, while major cryptocurrencies also show significant increases.
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Technical Analysis for BCH
Technical Sentiment Analysis for Bitcoin Cash (BCH) As of , Bitcoin Cash (BCH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BCH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BCH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin Cash (BCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 311.567 | 367.283 | 442.667 | 498.383 | 573.767 | 629.483 | 704.867 |
| Fibonacci | 367.283 | 417.364 | 448.303 | 498.383 | 548.464 | 579.403 | 629.483 |
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