Bitcoin Cash Daily Chart Analysis: Can BCH Reclaim Its Ascending Channel?

Bitcoin Cash (BCH) has broken below its daily ascending channel, signaling potential weakness after months of upward momentum. The decline comes as the price trades at $542.64, with a 1.52% rise over 24 hours and trading volume exceeding $187 million. Analysts attribute this move to the recent shift in market sentiment following BCH’s historic breakout from the channel. 👀 Bullish traders are focused on reclaiming the channel as they see it as a sign for potential price resurgence towards the $600 mark if resistance is overcome.