-
Bitcoin Cash (BCH) Elliott Wave Analysis: Impulsive Recovery in Play Amid Key Support Bounce
Bitcoin Cash (BCH) has recently shown significant price movements, with notable fluctuations observed in both the daily and 1-hour charts. The combination of Elliott Wave Theory, Fibonacci retracement levels, and RSI indicators provide critical insights into BCH’s current market dynamics and potential future pathways. On the daily chart, BCH completed a complex corrective pattern marked by a double zigzag (W-X-Y), culminating in wave Y around the $335 region. The price declined sharply from its prior Wave (C) high that peaked at $640 on Dec. 6, breaking below key horizontal support zones near $397, which aligns ... (full story)