Bitcoin Cash Consolidates at $589 as Halving Momentum Fades
I see Bitcoin Cash consolidating around $589 after retreating from the recent $618 high. The halving-driven bullish narrative remains, but momentum has clearly cooled and technical indicators give mixed signals.
I’m cautious here: I want to see a decisive breakout above $618 for renewed conviction or a clear re-test of support with reversal confirmation before increasing exposure.
Analysis
Recommendation
I recommend holding and watching price action closely: consider buying only on confirmed strength above $618 or on weakness near a validated support level with clear reversal signals.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.