Bitcoin Cash (BCH)
traded at $ 452.13, 0.54% fell over the last 24 hours after not violating the $ 467 resistance level across several tests, according to Coindesk Research’s technical analysis model.
The token rose the map near this level late on June 23 and got almost 3% under a high-volume pig, but was then rejected twice, strengthening the importance of this barrier. A falling trendline formed during the corrective withdrawal, where lower heights establish a bearish short -term tone.
On the legislative front, Federal Reserve President Jerome Powell announced that US banks now have the freedom to determine their digital asset customer base without prior regulatory pre-approval. This change of policy effectively removes institutional adoption barriers and is considered a meaningful step towards greater integration of crypto within the traditional financial system.
Technical analysis highlights
- BCH traded in a range of $ 19.76 (4.4%) from $ 449.61 to $ 469.63 over 24 hours.
- At. 22:00 on June 23, BCH rose almost 3% on 79,485 volume units and set resistance to $ 467.
- The level of $ 467 was tested and rejected twice, which confirmed strong overhead resonance.
- Support formed about $ 450 with significant volume collection between 15: 00-16: 00.
- A falling trendline with lower heights emerged after the initial tip that signalized Bearish Momentum.
- A V-shaped micro-trend formed over the last hour with a jump from $ 449.94 to $ 451.31.
- Volume spiked under 18: 17-18: 19 drop and again on 18: 30-18: 32 recovery.
- A short -term support zone developed nearly $ 450 after repeated successful gene test.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
