As reported by Coindesk, Bitcoin Cash (BCH) rose 0.71% to $524.31 on Tuesday, breaking the $520 resistance level. The price movement was supported by a 25.76% increase in 24-hour trading volume above the seven-day average, indicating institutional buying interest. The price traded between $504.38 and $525.66 during the session, with a notable volume spike of 46,349 units at $531 resistance, confirming genuine buying pressure. The breakout above $520 is seen as a key technical development, potentially setting the stage for a move toward the $530 resistance zone.
Bitcoin Cash Price Rises 0.71% to $524.31, Breaks $520 Resistance
CoinDeskShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.