“Bitcoin Cash Dipped to $ 452.13 After Repeated Failures to Break $ 467, With Volume-Driven Rebounds Unable to Sustain Momentum Amid Macro and Regulatory Valativity.”, – WRITE: www.coindesk.com
IS Trading AT $ 452.13, Down 0.54% Over The Past 24 Hours, After Failing to Breach The $ 467 Resistance Level Across Multiple Tests, Accounting To Condes Multi -Analy.
The token Briefly Surged Near That Level Late on June 23, Gaining Nearly 3% Dringing A High-Volume Spike, But Was Subsequently Rejected Twice More, Reinforcing The Signer. A Descending Trendline Formed Durying the Corrective Pullback, With Lower Highs Establishing A Bearish Short-Tone.
On the Regulatory Front, Federal Reserve Chair Jerome Powell Announced that US Banks Now Freedom to Determin its Digital Asset Customer Base Without Prior Regulatory Pre-Apop. This Policy Shift Effectvely Removes Institutional Adoption Barriers and Is Considerd A MEANINGFUL STEP TOWARD GREATER INTEGRATION OF CRYPTO WITHIN The Traditional Financial System.
Technical Analysis Highlights
- Bch Traded in A $ 19.76 Range (4.4%) from $ 449.61 to $ 469.63 Over 24 Hours.
- AT 22:00 on June 23, Bch Surged Nearly 3% on 79.485 Volume Units, Setting Resistance AT $ 467.
- The $ 467 Level Was TESTED AND REJECTED Two More Times, Confirming Strong Overhead Resistance.
- Support ForMed AROUND $ 450 with Significant Volume Accuumulation Between 15: 00–16: 00.
- A Descending Trendline of Lower Highs Emerged Following the Initial Spike, Signaling Bearish Momentum.
- A V-Shaped Micro-Trend Formed During the Final Hour, with a bounce from $ 449.94 to $ 451.31.
- Volume Spiked During the 18: 17-18: 19 Drop and Again On the 18: 30-18: 32 Recovery.
- A short-term Support Zone Developed Near $ 450 After Repeated Successful Rettes.
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