Bitcoin Cash Consolidates at $589 — Halving Momentum Cools, Watch for Breakout
I see Bitcoin Cash trading around $589 after retreating from the recent $618 peak. The halving continues to support a bullish narrative, but price momentum has cooled and technical indicators are mixed.
I'm maintaining a cautious stance: I want a clear breakout above recent highs or a decisive hold above key support before adding exposure. For now I prefer to hold and monitor volume and momentum for a clearer signal.
Analysis
Recommendation
Hold current positions and watch for a clear breakout above $618 on improving volume before adding exposure; consider buying on weakness only if price retests and holds identified support levels.
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.