BCH-12h. Buyers are preparing for the $548 test.

Consolidation in the BCH market continues. Our previous idea worked and the price reached the range of $257-267.

In fact, from September 2020, buyers are trying to break an important mark $372. All counterattacks by sellers are confidently neutralized. The chart shows how well the lower trend line of buyers is working.

Since November 24, consolidation has continued at a big volumes. It seems that the big players are accumulating a position before the start of a new wave of growth.

Now buyers are again trying to break the critical point. The break of this mark will quickly transfer the price of BCH to $548.

However, closing the daily candle below $372 will continue the "exciting" consolidation in the BCH market.

If you like to trade consolidation ranges - we suggest you review our UNI idea:
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